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Specialization and Division of Labor Quiz Question and Answers 3 PDF Download

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Quiz on Specialization and Division of Labor Worksheet 3

Specialization and Division of Labor Quiz

MCQ: Division of tasks among individual usually results

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

C

Economic System Quiz

MCQ: Compensation given by insurance company known as

  1. markup
  2. tax
  3. premiums
  4. profit

C

Invoice Quiz

MCQ: Supplier can safeguard clerical errors in invoice through

  1. E and O.E
  2. VAT
  3. MRS
  4. EEO

A

Disadvantages of Large-Scale Retailing Quiz

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

  1. manager
  2. whole seller
  3. manufacturer
  4. shopkeeper

A

Decline of Wholesaler Quiz

MCQ: Wholesalers are best known example of

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

C