​Jenna Is Giving a Speech on Job Specialization for Her

question 120

Multiple Choice

​Jenna is giving a speech on job specialization for her business class. She will most likely tell the class that one of the reasons for job specialization is

• A)​the organization is too large for one person to do everything.
• B)​special skills are not needed to complete specialized tasks.
• C)​a worker repeating the same job becomes bored and slows down the operation.
• D)​not everyone wants to do the same thing.

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Definitions:

Income Tax Purposes

Pertains to considerations or actions taken in the context of calculating tax liability on income.

Financial Reporting

The practice of creating reports that reveal the financial condition of a company to its management, investors, and governmental bodies.

LIFO Inventory Method

An accounting method that assumes the most recently produced items are sold first and uses those costs for accounting.

Increasing Unit Costs

Refers to a situation where the expenses associated with producing each additional unit of a product or service rise over time.