Work Specialization Is ________

question 66

Multiple Choice

Work specialization is ________.

• A)the degree to which tasks are divided into separate jobs
• B)the basis on which jobs are grouped together
• C)the basis on which jobs are ranked relative to their value to the businesses
• D)the degree to which activities require highly specialized skills

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Definitions:

Capital Intensive

A business process or industry that requires large amounts of money and financial resources to produce a good or service.

Break-even Point

The juncture where the sum of all expenses matches the sum of all income, leading to neither a profit nor a deficit.

Variable Expense

Expenses that vary directly with the amount of production or the degree of operational activity.

Contribution Margin Ratio

The percentage of each sale that exceeds the variable costs of production.