Specialization in Production Is Important Primarily Because It

question 259

Multiple Choice

Specialization in production is important primarily because it

• A) results in greater total output.
• B) allows society to avoid the coincidence-of-wants problem.
• C) allows society to trade by barter.
• D) allows society to have fewer capital goods.

---

Definitions:

Step Change

A significant shift or transformation in processes, strategies, or performance, often leading to a new level of organizational efficiency or capability.

Scope Creep

The gradual expansion of a project's objectives, features, or deliverables beyond its original goals, often leading to increased costs and delays.

Risk

The possibility of loss, injury, or other adverse or unwelcome circumstance; a situation involving exposure to danger.

Float

The duration a project activity can be postponed without affecting the start times of future tasks or the final project deadline.