Which of the following is TRUE regarding division of labor?
A) Refers to the differences in worker skill levels.
B) The advantages of division of labor were first extensively analyzed by Charles Babbage.
C) Adam Smith suggested paying exactly the wage needed for the particular skill required.
D) Refers to the division between workers and business owners.
E) Labor efficiency is improved because employees have less need to change jobs or tools.

Question

Quizplus · Accepted Answer

Division of labor refers to the allocation of different parts of a manufacturing process or task to different people in order to improve efficiency. One of the key benefits, as Adam Smith famously analyzed, is that it allows workers to specialize in specific tasks, reducing the time and effort required to switch between tasks or tools, thereby improving labor efficiency.

Which of the Following Is TRUE Regarding Division of Labor