Growth of Specialization in the Kinds of Jobs People Hold

question 20

Multiple Choice

Growth of specialization in the kinds of jobs people hold __________.

• A) has slowed dramatically since the 1970s, along with the decline in manufacturing jobs
• B) has gradually slacked off since the 1970s, along with the decline in manufacturing jobs
• C) has gradually slacked off since the mid-1990s, as globalization has taken off
• D) has continued right up to the present

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Definitions:

Balance Sheet

A financial statement that provides a snapshot of a company’s financial position, listing assets, liabilities, and owner’s equity at a specific point in time.

Job Order Cost

The cost calculated for a specific manufacturing job, tracking direct labor, direct materials, and overhead.

Product Quantity

The number of units of a particular product that are produced, available for sale, or sold.