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2 years ago

Specialization of labor results in the production of large quantities of a product.a. trueb. false

Business

1 answer:

il63 [147K]2 years ago

6 0

Answer: True

Explanation: Specialisation of labour in production is the process of classifying People who have different skills, talents, and interests into groups so they will be better at what they do.

Specialisation in certain tasks often aid workers to produce more quickly and with higher quality especially in assembly line laborers.

Specialization also allows businesses to take advantage of economies of scale, which means that for many goods, as the level of production increases, the average cost of producing each individual unit declines.

The division and specialization of labor has been a force against the problem of scarcity as more product will be produced as against when there is not specialisation in division of labour.

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Suppose that an economy consists of only two individuals. Jeremy has $1690 available to spend on goods. He decides to purchase $

Zigmanuir [339]

Answer:

$470

Explanation:

The calculation of the economy income is given below:

Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it

So here we can see that there is one and only economic activity that took place at the present quarter that is of $470

Therefore the economy income is $470

6 0

2 years ago

A firm wishes to maintain an internal growth rate of 8 percent and a dividend payout ratio of 36 percent. The current profit mar

Anon25 [30]

Answer:

2.16 times

Explanation:

Given that,

Internal growth rate = 8 percent

Dividend payout ratio = 36 percent

Current profit margin = 5.8 percent

Therefore,

Internal Growth Rate = (1 - Dividend Payout Ratio) × ROA

8% = (1 - 36%) × ROA

0.08 = 0.64 × ROA

ROA = 0.08 ÷ 0.64

= 0.125

ROA = Profit Margin × Total Asset Turnover

0.125 = 0.058 × Total Asset Turnover

Total Asset Turnover = 0.125 ÷ 0.058

= 2.16 times

6 0

3 years ago

What service organizations, private or public, would you like to see become more customer oriented? How could this case be used

prohojiy [21]

Answer:

Explanation:

My School;

This case shows that the entire organization must be committed to the customer-oriented team approach for it to be effective.

Such an approach would be difficult in a public organization such as the Post Office, USPS etc.

The potential for creating a customer-oriented school should be interesting to pursue.

7 0

3 years ago

Read 2 more answers

Which describes the purpose of minimum-balance fees?

Cerrena [4.2K]

Answer:

make sure customers keep sufficient funds in their account

Explanation:

Minimum balance is the amount that an account holder has to be kept in the account. The minimum amount is to be maintained so as to enjoy the benefits of the account like receiving interests. The minimum balance defers from one bank to another. Maintaining the minimum helps in accessing loans and other facilities.

5 0

2 years ago

Which of the following saving or investment options pays interest?

bezimeni [28]

Answer:

hi...my self tanvi new in brainy can get some help from you plz...to know the people...

6 0

2 years ago