Increasing the Degree of Responsibility That a Worker Has Over

question 105

True/False

Increasing the degree of responsibility that a worker has over his/her job is known as job simplification.

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Definitions:

Gini Coefficient

A measure of the distribution of wealth within a country.

Reserve Requirement

The minimum amount of cash reserves a commercial bank must hold.

Capitalism

An economic system in which factors of trade and production are controlled by private owners rather than by the state.

Socialism

A collective form of government in which the means of production and the distribution of production are owned collectively by the community as a whole.