The Division of Labor Increases Productivity Because

question 63

Multiple Choice

The division of labor increases productivity because:

• A)tasks can be assigned according to individual abilities.
• B)workers who repeatedly perform the same tasks become bored.
• C)each worker must learn each of the numerous tasks in the total production process.
• D)the specialization of labor allows for the introduction of cheaper,less sophisticated production techniques.
• E)managers can force workers to produce goods that are valued higher than the costs of producing them.

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Definitions:

General Partners

Individuals in a partnership who are responsible for managing the business and are personally liable for its debts.

Distribution of Assets

The process of allocating a company's or an individual's assets among rightful claimants or heirs.

Dissolution

The process of formally closing or ending a business or legal entity.

Limited Partnership

A business structure where at least one partner has unlimited liability and at least one partner has liability only up to the amount they have invested.