Which of the Following Is an Example of Division of Labor

question 123

Multiple Choice

Which of the following is an example of division of labor?

• A)an author writing a book one chapter at a time
• B)a firm trying to get rid of a labor union
• C)separating resources into four categories: land, labor, capital, and entrepreneurial ability
• D)allocating revenue among a firm's resource suppliers
• E)dividing an assembly process into separate steps

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Definitions:

Lump Payment

A single large payment made for a particular item or service, rather than several smaller installments.

Rate Of Return

The profit or deficit experienced on an investment throughout a designated period, shown as a percentage of the original investment amount.

Building Lot

A parcel of land designated for constructing a building or set of buildings.

Equivalent Payment

A payment amount that, when adjusted for interest and time, is equal in value to a different payment amount over a different time period.