What Is a Key Advantage of Division of Labour in Organizations

question 71

Multiple Choice

What is a key advantage of division of labour in organizations?

• A) improved efficiency
• B) less need for managers
• C) greater creativity
• D) increased employee autonomy

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Definitions:

Merchandise

Goods or products that are bought and sold in any business activity.

LIFO

Last In, First Out, an inventory valuation method where the last items added to inventory are assumed to be the first sold.

Inventory Costing Methods

Techniques used to calculate the cost of inventory, including First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and Average Cost methods.

Subsidiary Inventory Ledger

The subsidiary ledger containing individual accounts for items of inventory.