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IgorLugansk [536]
3 years ago
15

Specialization and the division of ______ can increase productivity. Please choose the correct answer from the following choices

:
Answer choices
- knowledge
- monetary
- resources
- capital
- labor
Business
1 answer:
trasher [3.6K]3 years ago
3 0

Answer:

Specialization and the division of labor can increase productivity.

Explanation:

Specialization is about an <em>invidivual</em> focusing on very specific tasks that are best suited to them according to their skills and knowledge. This concept can be applied to <em>companies</em> and <em>countries</em>, as they specialize on producing a small amount of products they excel at, for having the raw material, knowledge and/or technology to do so.

The division of labor is about breaking down the production process of a good in <em>different parts</em> performed by <em>different people</em> instead of having all workers performing all the tasks. The idea is to let workers be <em>specialists</em> in a small amout of tasks so that they can be more efficient and overall productivity can be greatly increased. This concept was introduced by the <u>'father of economics'</u> Adam Smith in his book "The Wealth of Nations" released in 1776.

Specialization and division of labor are complementing concepts that bring a company an increase in productivity and helps achieve economies of scale.

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The correct answer is letter "C": competitive barrier.

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The pursuit of an activity for an outcome that is separate from the person is called
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3 years ago
Which employee had the highest earned commission? What specifically was their commission amount?
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Commission simply means a form of variable-pay remuneration for services that are rendered or products sold.

<h3>What is commission?</h3>

Your information is incomplete. Therefore, an overview will be given. A commission is a payment that an employee makes based on a sale.

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2 years ago
Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to wi
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Answer:

Instructions are below.

Explanation:

Giving the following information:

Value at 18= $4,909

Interest rate= 3%

To calculate the final value, we need to use the following formula:

FV= PV*(1+i)^n

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FV= 4,909*(1.03^7)= $6,307.45

B) Number of years= 47

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C) Finally, we need to determine the original investment. We need to isolate the present value from the formula:

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Operating cash flow is defined as:A. a firm's net profit over a specified period of time.B. the cash that a firm generates from
mina [271]

Answer:

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