Which of the Following Is an Example of Division of Labor

question 123

Multiple Choice

Which of the following is an example of division of labor?

• A)an author writing a book one chapter at a time
• B)a firm trying to get rid of a labor union
• C)separating resources into four categories: land, labor, capital, and entrepreneurial ability
• D)allocating revenue among a firm's resource suppliers
• E)dividing an assembly process into separate steps

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Definitions:

Europe

A continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.

Limited Partnership

A business structure where one or more partners have limited liabilities and responsibilities, and there is at least one general partner with unlimited liability.

General Partner

A member of a partnership who has unlimited liability and is actively involved in the management of the partnership.

Limited Partnership

A form of partnership where there is at least one general partner (who assumes unlimited liability for the debt) and one or more limited partners (whose liability is limited to the amount they have invested).