Adam Smith Stated That a ____________________ Market Provides a ____________________

question 73

Multiple Choice

Adam Smith stated that a ____________________ market provides a ____________________ possible degree of specialization,so by providing a worldwide market,international trade allows for ____________________ gains from specialization.

• A) larger;smaller;no
• B) larger;greater;smaller
• C) larger;greater;greater
• D) smaller;smaller;smaller
• E) smaller;greater;greater

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Definitions:

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that link the diverse parts of an organization.

Line Positions

Jobs or roles within an organization that are directly involved in core business operations and responsible for achieving its primary objectives.

Authority

The legitimate power or right granted to an individual or entity to make decisions, give orders, and enforce obedience.

Executive Marketing Officer

A top-level executive responsible for the overall marketing strategies and efforts of an organization.