Which of the Following Statements Accurately Defines Work Specialization

question 50

Multiple Choice

Which of the following statements accurately defines work specialization?

• A) It is the basis of grouping jobs together.
• B) Individual employees specialize in doing part of an activity rather than the entire activity.
• C) It is the line of authority extending from upper organizational levels to the lower levels.
• D) It clarifies who reports to whom.

---

Definitions:

Form 1099-B

This is a tax form used to report proceeds from broker and barter exchange transactions to the IRS, including sales of stocks, bonds, and other securities.

Schedule D

A form used with individual tax returns in the United States to report capital gains and losses from investments.

Section 1231

A tax term in the United States that refers to the treatment of certain property, blending both capital and ordinary tax treatment.

Preferential Rates

Preferential rates refer to lower tax rates applied to certain types of income, such as qualified dividends and long-term capital gains, compared to ordinary income tax rates.