When the work required to produce a good or service is divided into tasks are performed by different workers, that is called
It is known as Division of labor.
When the work required to produce a good or service is divided into tasks are performed by different workers, that is Division of labor.
In order to improve the efficiency need arises for division of labor which means that work required to produce a good or service is divided into tasks are performed by different workers.
When the work required to produce a good or service is divided into tasks are performed...
Activity-based costing: a.emphasizes the cost of tasks required to produce a product or offer a service. b.is the process of choosing among competing alternatives. c.strives to create an environment that will enable workers to manufacture zero-defect products. d.was established in response to financial scandals.
1. In the "The Wealth of Nations", Adam Smith dise production and introduces the idea of the of Nations", Adam Smith discusses the concept of manufacturing and Which discusses the way in which duce a good or service is divided into a number of tasks that are the work required to produce a good or service is divided into a numbe performed by different workers. A. division of labor B. opportunity cost C. individual free enterprise D. free market 2....
Marginal cost is the opportunity cost of a good or service divided by the number of units produced. of a good or service that exceeds its benefit. that your activity imposes on someone else. that arises from producing one more unit of a good or service. The law of demand implies that demand curves shift leftward whenever the price rises. slope down. shift rightward whenever the price rises. slope up. If the United States can increase its production of automobiles...
Manufacturing and Service Firms In general, firms can be divided into manufacturing and service firms. Manufacturing firms make a tangible product. They need to determine product costs for both inventory valuation and the calculation of cost of goods sold. The cost of inventory appears on the , and the cost of goods sold appears on the . (Wholesale or retail firms purchase a product that is already manufactured. The cost of such products, which are tangible, are carried at that...
Unearned Fees represents when OA) we have not performed the service, but we have been paid by the customer OB) we have not performed the service, and we have been not paid by the customer OC) we have performed the service, and we have not been paid by the customer OD) we have performed the service, and we have been paid by the customer
When consumption of a good or service produces benefits or costs that are not reflected in the market price for the good, this is known as a(n)
What is the term used when a service is divided and coded into separate components? 9 Unbundling a. b. Global package C Unlisted procedure d. Add-on code 10. What federal act requires the use of CPT and HCPCS level II codes for physician services? a. CPT-5 b. HIPAA C. MMA d. Federal Register 11 CPT codes that are optional and are used for tracking performance measurements are called codes a. Category I b. Category ll c Category II d. Category...
When a consumer initiates a service request, what are the steps for provisions the required resources? How the discovery process is performed? Why the resource pools are graded? What is the difference between relative resource allocation and absolute resource allocation?
In a widget factory, the producer is able to produce 40 widgets per day when she hires two workers. The producer is able to produce 70 widgets per day when she hires three workers. If diminishing marginal product occurs with the fourth worker then the producer is able to produce less than 100 widgets per day when she hires four workers. True False In the short run total costs include both fixed costs and variable costs. Rent paid on the...
Why is it important to have good work ethic in leadership and service and why you believe in this area? ( 1 paragraph)