Which of the Following Statements Describes Specialization

question 59

Multiple Choice

Which of the following statements describes specialization?

• A) Specialization always reduces the amount of available transfer time.
• B) With specialization,workers are more likely to be absent.
• C) Employee training is more costly.
• D) Individual dexterity will be decreased with specialization.
• E) Automation of production processes is more difficult with specialization.

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Definitions:

Future Positions

Contracts to buy or sell a specific quantity of a commodity, currency, or financial instrument at a predetermined price at a future date.

Daily Settlement

The process of settling trades at the end of each trading day, including the calculation of gains and losses.

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account after a purchase has been made, in order to keep the account open.

Trader's Margin

The amount of equity contributed by a trader as a percentage of the current market value of the securities held in a trading account.