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hichkok12 [17]
3 years ago
14

How can division of labor and specialization increase productivity?

Business
1 answer:
Grace [21]3 years ago
3 0
Division of labor allows an entire civilization to get various work done in a short amount of time, and specialization allows different parts of the society focus on just one skill, rather than having each part do a bunch of things.
You might be interested in
What are operating expenses?
skad [1K]

Answer:

see below

Explanation:

Operating expenses are the cost a business incurs while engaging in its normal business operations. They are the costs not directly be attached to the production process. A business incurs operating expenses in managing it day to day activities. They exclude one time expenses such as judgment cost,  accounts adjustments, and other non-recurring costs.

Operating expenses are classified into administrative, selling, and general expenses. Businesses cannot avoid operating expenses; hence the management should strive to keep them as low as possible. Examples of operating expenses include rent, salaries,  employee benefits, transport,  depreciation, repairs, taxes, sales commissions, amortization, and pension contributions.

3 0
4 years ago
What is a business requirement? Question 57 options: The nonspecific business requests the system must meet to be successful The
Maksim231197 [3]

Answer:

The correct answer is letter "B": The specific business requests the system must meet to be successful.

Explanation:

The Software Development Life Cycle or SDLC is a method that enables the development of high-quality information systems. Among its functions, it serves as support so business managers of a project can plan the design process and the execution of any information system that must meet certain requests to be successful. The SDLC aims to exceed business managers' expectations.

The SDLC has six (6) steps: <em>planning, defining, designing, building, testing, </em>and<em> deployment.</em>

5 0
3 years ago
An example of a nondepository financial institution is which of the following?
Nostrana [21]

The answer is C - Brokerage Firm

7 0
3 years ago
Read 2 more answers
Valley Spa purchased $10,200 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 14% promissory note for $10,200.
mario62 [17]

Answer:

Debit Accounts Receivable—Valley Spa $10,438 Credit Interest Revenue $238

Credit Notes Receivable $10,200.

Explanation:

Preparation of the the journal entry to record the dishonored note

Debit Accounts Receivable—Valley Spa $10,438

($10,200+$238)

credit Interest Revenue $238

($10,200 x 14% x 60/ 360)

Credit Notes Receivable $10,200

(To record the dishonored note)

5 0
4 years ago
An establishment has three departments with variable costs as a percentage of sales revenue of 30 percent, 40 percent, and 50 pe
zalisa [80]

Answer:

60 percent

Explanation:

Contribution margin refers to the revenue a firm derives after deducting the variable cost it has incurred.

Contribution margin = Sales - Variable costs

Contribution margin or contribution to sales ratio represents the percentage of contribution a firm earns from the sale of it's output.

It is represented mathematically as,

= \frac{Contribution\ margin}{Sales}

Also, contribution margin ratio = 100 - variable cost ratio percentage.

Hence, contribution margin for three departments would be:

A = 100 - 30% = 70%

B = 100 - 40% = 60%

C = 100- 50% = 50%

This represents if sales revenue is 100, contribution margin earned is 70, 60 and 50 under three cases.

Since sales revenue in all three departments is the same, let us assume the sales revenue of a department as y.

\frac{0.70y\ +\ 0.60y\ +\ 0.50y}{3y}    

Thus, weighted average contribution margin would be, 60 percent

7 0
3 years ago
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