Latent Dysfunctional Consequences of the Division of Labor (Adam Smith)

question 50

Multiple Choice

Latent dysfunctional consequences of the division of labor (Adam Smith) include which of the following?

• A) Mental degradation of workers.
• B) Decreased social involvement of workers.
• C) Innovations by workers.
• D) Physical inactivity.

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue, representing the company's profitability over a specified period.

Return on Equity

A measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested, expressed as a percentage.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership interest in the company.

Gross Margin Percentage

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, demonstrating the efficiency of a company in managing its production costs relative to sales.