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Blababa [14]
3 years ago
13

What is the difference between division of labour and specialisation?

Business
1 answer:
Rus_ich [418]3 years ago
7 0

Answer:

Specialization refers to an individual while division of labor is social or refers to society (the aggregation of individuals). Division of labour is the separation of the production process into different operations, from intellectual to manual, from each process in a production line, from country to country, etc.

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John has an economics test tomorrow. He must study and has planned the rest of his day so that he can fit some study time in. He
viktelen [127]

Answer:

C) John's decision on how to allocate his time is consistent with the rationality assumption since the decision is intended to make him better off.

Explanation:

One of the pillars of modern economic theory is that individuals are rational and they will try to maximize their benefit at the lowest possible cost. Since resources are finite, then all our decisions are made on the margin. What is the marginal benefit that we can obtain from purchasing something at its marginal cost (marginal cost = sales price for an individual).

In this case, John is trying to maximize his utility, first he will go to the gym which probably provides a larger benefit to him, and then he is going to study (which also provides a benefit). He could have chosen to either go out to somewhere else or just stayed home and watch TV, play videogames, etc., but apparently these activities do not provide him enough benefits but represent a large cost in time.

4 0
3 years ago
Arrange six departments into a 2 x 3 grid so that these conditions are satisfied: 1 close to 2, 5 close to 2 and 6, 2 close to 5
drek231 [11]

Answer:

1?3

256

Explanation:

If one is close to 2, then but so is five, and 6 is near five then they all have to be on there own row. Seeing as 3 is close not close to 1, or 2, it has to be the furthest away from them as it can be, and the questionmark is there because you only have five numbers, (1,2,3,5,6) so there isn't enough info for the question mark to have an answer.

5 0
3 years ago
a variable that predicts what will happen with the sales of another product is referred to as that product's:
olasank [31]

Leading Indicator is a variable that predicts what will happen with the sales of another product is referred to as that product's.

<h3>What is a leading indicator?</h3>

A piece of data or a group of facts related to the economy that may predict future movement or change in the economy is known as a leading indicator. Future events and trends in business, markets, and the economy can be predicted and projected with the use of economic leading indicators. An example of a leading safety indicator would be the proportion of workers wearing hard helmets on construction sites. A leading indication is a predicted measurement. A lagging safety indicator might be the number of accidents on a construction site, which is an output measurement. Items like newly generated accounts, leads or opportunities, and won opportunities are examples of leading indicators. Won opportunities, lost opportunities, won amounts, and lost amounts are examples of lagging indicators.

To learn more about leading indicators click,

brainly.com/question/1357308

#SPJ4

7 0
1 year ago
In recording business transactions, evidence that an accounting transaction has taken place is obtained from
hram777 [196]

In recording business transactions, evidence that an accounting transaction has taken place is obtained from source documents. A source document is the first and origional way that transactions are entered for an accounting system. Everything in the source documents then gets transferred into a companies accounting system and stored for later use. The first and original documents are the source documents because they are the source of where the first transactions were recorded.

6 0
3 years ago
If you can buy a pack of candy bars 5.99 or a 2 pack 3.49,what is the unit cost for a bar in each case?
tatyana61 [14]

Answer:

1.745 per unit

Explanation:

6 0
3 years ago
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