The division of labor is also referred to by the term job specification

Indicate whether the statement is true or false.

Answer: FALSE
Explanation: The term that refers to division of labor is job specialization, not job specification.

Business

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Which of the following types of contracts pays the contractor allowable performance costs along with a predetermined percentage based on actual total costs?

A) cost-plus incentive fee contract B) guaranteed maximum-shared savings contract C) cost-plus fixed fee contract D) cost-plus percentage fee contract

Business

As manager with an international trade firm, John Smith frequently travels between Europe and Saudi Arabia. On John's most recent trip to Saudi Arabia, he noticed that Tariq, his business associate, not only talked about business matters but also talked about several other things, such as upcoming events in Saudi Arabia and the associated impact on the economy. This most likely indicates that Tariq is from a ________.

A) low-contact culture B) polychronic culture C) low-context culture D) high power-distance culture

Business