Dividing a Job into a Series of Small Tasks,each Performed

question 39

Multiple Choice

Dividing a job into a series of small tasks,each performed by a different worker,is known as

• A)craft production
• B)scientific management
• C)division of labor
• D)interchangeable parts

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Inventory

Refers to the goods and materials that a business holds for the ultimate goal of resale.

Government Securities

Financial instruments issued by the government to finance its expenditures, offering a relatively safe investment.

Money Market Accounts

Savings accounts that typically offer higher interest rates in exchange for larger deposit balances, with limited transaction privileges.