Questions Refer to the Following Passage

question 19

Multiple Choice

Questions refer to the following passage.
"To take an example, therefore, from a very trifling manufacture; but one in which the division of labour has been very often taken notice of, the trade of the pin-maker; a workman not educated to this business . . . nor acquainted with the use of the machinery employed in it . . . could scarce, perhaps, with his utmost industry, make one pin in a day, and certainly could not make twenty.
"But in the way in which this business is now carried on . . . One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head; to make the head requires two or three distinct operations . . . and the important business of making a pin is, in this manner, divided into about eighteen distinct operations.
"I have seen a small manufactory of this kind where ten men only were employed, and where some of them consequently performed two or three distinct operations [and] could, when they exerted themselves . . . make among them upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four thousand eight hundred pins in a day. But if they had all [worked separately], they certainly could not each of them have made twenty, perhaps not one pin in a day."
The Division of Labour (1776) , Adam Smith
-Adam Smith is best known for promulgating which of the following economic theories?

• A) Socialism
• B) Anarchical syndicalism
• C) Mercantilism
• D) Capitalism

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Definitions:

Stress Interview

A technique used by employers consisting of intentionally creating a high-pressure environment to see how job candidates handle stress.

Situational Interview

Interview process focusing on presenting job candidates with specific situations and asking how they would address them.

Screening Interview

An initial interview process aimed at determining whether candidates meet the basic requirements for a position before advancing them to further stages.

Conservative Business Wear

Traditional and formal attire meant for professional settings, emphasizing modesty and professionalism.