Division of Knowledge, as Discussed in the Text, Increases Economic

question 51

Multiple Choice

Division of knowledge, as discussed in the text, increases economic prosperity because: I. Each person can develop extensive knowledge about a single activity. II. The human brain's capacity to know everything about all productive activities is limited. III. Specialized knowledge increases productivity, which increases total output.

• A) I and II only
• B) I and III only
• C) II and III only
• D) I, II, and III

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Definitions:

Self-managed Teams

Groups of workers who are given administrative oversight for their task domains, including planning, scheduling, and execution.

Task Composition

The way in which a task is broken down and organized into smaller components or steps to facilitate accomplishment.

Cross-functional Teams

Teams composed of members from different departments within an organization, working towards a common goal.

Virtual Teams

Groups of people who work together toward common goals through electronic communications technology, despite geographical separation.