The Degree to Which Activities in an Organization Are Divided

question 99

True/False

The degree to which activities in an organization are divided into separate jobs is called work specialization.

---

Definitions:

Property

Assets owned by an individual or business, encompassing real estate, personal property, and intellectual property rights.

Net Income

When revenue totals more than expenses, the result is net income.

Gross Profit

The difference between revenue and the cost of goods sold before accounting for other costs such as selling, administrative, and financial expenses.

Direct Expenses

Costs that can be directly attributed to the production of specific goods or services.