Adam Smith's the Wealth of Nations Asserted That the Primary

question 67

Multiple Choice

Adam Smith's The Wealth of Nations asserted that the primary economic advantage of societies would be gained from which of the following concepts?

• A)management planning and control
• B)on-the-job training
• C)union representation
• D)fair employment legislation
• E)division of labour

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Definitions:

Environmental Factor

Any element, condition, or force that impacts the natural environment, organizational operations, or individual health and well-being.

Rules And Policies

Established guidelines and procedures set by an organization to regulate behavior and operations.

Technical Skills

Refer to specific abilities or knowledge areas that allow an individual to perform tasks related to their job effectively.

Problem Solving

The process of identifying issues and finding and implementing solutions to overcome or manage these issues effectively.