The Division of Labor

question 40

Multiple Choice

The division of labor

• A)allows more people to be employed
• B)allows tasks to be performed more efficiently
• C)makes people happier on the job
• D)means that less management is required
• E)means that less equipment will be used

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Definitions:

Standard Oil Case

A landmark U.S. legal case in which the Standard Oil Company was found in violation of antitrust laws, leading to its breakup in 1911.

Antitrust Laws

Antitrust laws are regulations that promote competition by restricting unlawful monopolies, cartels, and mergers, to ensure fair business practices for the benefit of consumers.

U.S. Steel Case

A landmark legal case involving the United States Steel Corporation that dealt with antitrust issues and the regulation of large corporations.