Briefly define job simplification and job specialization

What will be an ideal response?

Job simplification is when all the tasks that need to be performed within the organization are broken up into the smallest possible parts and the jobs are designed around the smallest possible parts. Job specialization occurs when workers focus exclusively on the small, simple tasks identified in job simplification.

Business

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Companies must recognize a loss on an unprofitable contract under the percentage-ofcompletion method but not the completed-contract method.

a. true b. false

Business

Which of the following is not true regarding RESPA's requirement to provide a list of homeownership counselors?

a. The list may be no more than 60 days old b. The list must be obtained from the CFPB, or from HUD or CFPB data c. It is the lender's responsibility to ensure that the applicant receives this list d. Reverse mortgage transactions and timeshare plans are exempt from this requirement

Business