When a Worker Specializes in One Task, He Focuses on That

question 23

Multiple Choice

When a worker specializes in one task, he focuses on that one function in the production process, ignoring the whole system. This can result in:

• A) higher cross training costs.
• B) no trade-offs since only one task is undertaken by each employee.
• C) accepting the greater complementary between one task and another.
• D) function myopia that reduces overall productivity.

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Definitions:

Exchange Rates

Exchange rates are the value at which one currency can be exchanged for another, impacting international trade, investments, and economic policies.

Union Labour Prices

The costs associated with hiring labor that is part of a labor union, often including higher wages and benefits.

Labour Content

The total amount of work or labor input required to complete a task or produce a good, often measured in labor hours.

Political Risk

The risk associated with political changes or instability in a country that can affect the operations and profitability of businesses.