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Specialization and Division of Labor Quiz PDF: Questions and Answers - 3

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Specialization and Division of Labor Questions and Answers PDF Download: Quiz 3

MCQ 11:

Division of tasks among individual usually results

  1. better output
  2. profit
  3. efficiency in techniques
  4. development
MCQ 12:

The compensation given by the insurance company known as

  1. markup
  2. tax
  3. premiums
  4. profit
MCQ 13:

Supplier can safeguard clerical errors in invoice through

  1. E and O.E
  2. VAT
  3. MRS
  4. EEO
MCQ 14:

It is the nature of large-scale retailing that customer can not directly deal with

  1. manager
  2. whole seller
  3. manufacturer
  4. shopkeeper
MCQ 15:

Wholesalers are the best known example of

  1. agents
  2. businessman
  3. middleman
  4. partners

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