The Division of Labor _____

question 203

Multiple Choice

The division of labor _____

• A) reduces the number of stages in the production process.
• B) allows tasks to be performed more efficiently.
• C) makes people work less efficiently.
• D) means that there are fewer departments in an organization.
• E) reduces the scale of production and increases the cost of production.

---

Definitions:

Useful Life

The period during which an asset is expected to be usable for the purpose it was acquired.

Double-declining-balance Method

A form of accelerated depreciation where an asset’s book value is decreased at double the rate of its straight-line depreciation.

Straight-line Method

A depreciation method that allocates an equal amount of depreciation expense for an asset over its useful life.

Salvage Value

The estimated residual value of an asset at the end of its useful life, usually considered for depreciation calculations.