Although Necessary to Achieve Profits,division of Labor Decreased the Production

question 72

True/False

Although necessary to achieve profits,division of labor decreased the production of workers and industries.

---

Definitions:

Limited Partnership

A form of business partnership where there is at least one general partner liable for the debts of the business and one or more limited partners whose liability is limited to their investment.

Corporation

A legal entity that is separate and distinct from its owners, established to conduct business or engage in activities, with the ability to own assets, incur liabilities, and sell shares.

Certificate of Limited Partnership

A legal document filed with a state governmental body to form a limited partnership, outlining the rights and obligations of each partner.

Secretary of State

A high-ranking official in a state government responsible for maintaining public records and documents, among other duties, varying by country.