Multiple Choice
Team production and specialization both share one important feature in common because both are potentially more productive, both may account for the existence of firms. However there are important differences; which of the following is among them?
A) It is easier to evaluate individual productivity in teams.
B) It is easier to evaluate individual productivity in specialization.
C) Team production must be conducted in one firm.
D) It is easier to evaluate team than individual productivity.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: In a two- person firm where both
Q13: Wage rates in many industries are positively
Q14: when monitoring costs are high and team
Q15: There are three types of corporations:<br>A)public, private,
Q16: Sarah and Sean are furniture movers. They
Q18: In the publicly held firm:<br>A)patterns of ownership
Q19: In a one- person firm:<br>A)ability determines effort.<br>B)income
Q20: In the modern theory of the firm,
Q21: The internal organization of firms depends on:<br>A)owners'
Q22: In the case of farming,<br>A)the team production