Business, 21.09.2019 01:00 yuvin

Which of the following are among the reasons offered by adam smith for why specialization results in higher levels of output?
a. specialization in a particular small job allows workers to focus on the parts of the production process where they have an advantage.
b. specialization allows businesses to take advantage of economies of scale.
c. specialization allows workers to experiment with different tasks to see which responsibilities make them happiest at work.
d. workers who specialize in certain tasks forgo an opportunity to learn how to do new tasks efficiently.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 06:50

On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500

Answers: 3

Answer

Business, 22.06.2019 14:50

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:

Answers: 2

Answer

Business, 22.06.2019 21:40

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.

Answers: 3

Answer

Business, 22.06.2019 23:40

Four key marketing decision variables are price (p), advertising (a), transportation (t), and product quality (q). consumer demand (d) is influenced by these variables. the simplest model for describing demand in terms of these variables is: d = k – pp + aa + tt + qq where k, p, a, t, and q are constants. discuss the assumptions of this model. specifically, how does each variable affect demand? how do the variables influence each other? what limitations might this model have? how can it be improved?

Answers: 2

Answer

You know the right answer?

Which of the following are among the reasons offered by adam smith for why specialization results in...

Questions

Business, 05.05.2020 21:04

The social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and value wi...