Which of the Following Statements Is True of Specialization

question 80

Multiple Choice

Which of the following statements is true of specialization?

• A)Specialization is inconsistent with the idea of individual freedom.
• B)Economies that practice a division of labor are morally superior to those that do not.
• C)In accepting specialization, a person sacrifices his or her own interests for the sake of society's interest.
• D)While specialization has enormous advantages, the costs outweigh them.
• E)Increased productivity is more likely to be achieved through specialization.

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Definitions:

De Jure Corporation

A corporation that is legally incorporated and recognized by the state as existing in accordance with law.

Incorporators

Individuals who sign the articles of incorporation and are involved in the legal process of forming a corporation.

Incorporation Statute

A law that governs the formation, operation, and dissolution of corporations, providing the legal framework for businesses to obtain corporate status.

De Facto Corporation

A corporation that operates like a legally incorporated company, despite not having completed all required incorporation steps, often recognized for legal purposes.