The First Economist to Point Out the Importance of Specialization

question 161

Multiple Choice

The first economist to point out the importance of specialization of labor was

• A)Leonardo da Vinci.
• B)Adam Smith.
• C)David Ricardo.
• D)John Maynard Keynes.
• E)Enrico Caruso.

Understand the tax implications and reporting requirements for state tax refunds and additional assessments.

Identify the requirements and limitations for deductions related to health-related expenses, including prescription medicines and capital improvements for medical care.

Understand the principles and applications of path-goal theory in leadership.

Evaluate the effectiveness of different leadership styles within the context of path-goal theory.

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Definitions:

Future Jobs

Refers to occupations and employment opportunities that are expected to be available or prevalent in the future, often as a result of technological advances, economic changes, or evolving societal needs.

Employee Relations

The management of the relationship between employers and employees including communication, conflict resolution, and legal compliance.

Discriminated

Treated unfairly or unjustly in comparison with others, especially on the grounds of race, age, sex, or disability.

HR Function

Encompasses all the tasks and processes related to managing the human resources of an organization, including recruitment, selection, training, and benefits administration.