Specialization of Labor

question 158

Multiple Choice

Specialization of labor

• A)increases productivity without creating any problems
• B)reduces productivity, and is usually eliminated by business firms
• C)can create problems of boredom and repetitive motion injuries
• D)prevents the introduction of more sophisticated and efficient production techniques
• E)ignores individual preferences and natural abilities

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Definitions:

Company Coalition

A temporary alliance or partnership between companies to achieve a common objective, often strategic or operational.

Suppliers

Entities that provide goods or services to another organization, usually in a business-to-business relationship.

Vendor Evaluation

The process of assessing and reviewing suppliers based on factors such as price, quality, service, and reliability to ensure they meet the company's standards and requirements.

Vendor Selection

The process of evaluating and choosing suppliers for goods or services based on criteria such as price, quality, and reliability.