Who First Observed That the Division of Labor Was Responsible

question 54

Multiple Choice

Who first observed that the division of labor was responsible for revolutionary gains in factory output?

• A) Frederick Taylor
• B) Sun Tsu
• C) Adam Smith
• D) Niccolo Machiavelli

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Definitions:

Expected Monetary Value

A statistical technique in decision-making that calculates the average outcome when the future includes scenarios that may or may not happen.

Disaster Risk

The potential loss or damage that could result from the interaction of natural or human-made hazards with vulnerable conditions.

Suppliers

Businesses or individuals that provide goods or services to another entity along a supply chain, playing a vital role in production and distribution processes.

Multiple Suppliers

The strategy of sourcing a particular product or service from more than one supplier to reduce supply risk.