Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 3.3, Problem 1CC
Why was Adam Smith’s specialization of labor so important?
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Compare the wage labor system with the systems of slavery, indentured servitude, unpaid household labor, and self-employment. In what ways is wage labor different from each of the others? How is wage labor similar to each of the others?
What are the characteristics of industries paying minimum wage in the U.S today?
How can companies integrate sustainability and environmental considerations into their labor welfare initiatives?
Chapter 3 Solutions
Principles of Management
Ch. 3.1 - What were the contributions of the following...Ch. 3.2 - What was the Italian Renaissance?Ch. 3.2 - What managerial legacy did it leave?Ch. 3.3 - Why was Adam Smiths specialization of labor so...Ch. 3.3 - What was the economic and managerial legacy of the...Ch. 3.4 - List the contributions from Taylor and his...Ch. 3.4 - How did Taylor change management?Ch. 3.5 - What were the contributions of Fayol and Weber?Ch. 3.5 - How did their work compare to Taylors?Ch. 3.5 - What is the idea of line of authority and...
Ch. 3.6 - What did the Hawthorne studies, Barnard, and Fayol...Ch. 3.6 - What did the works of Follett and Mayo contribute...Ch. 3.7 - What is the going contribution of systems and...Ch. 3.7 - What is the idea of evidence-based management?Ch. 3 - What contributions did ancient civilizations make...Ch. 3 - Describe the role of the Renaissance in shaping...Ch. 3 - How did the Industrial Revolution change business...Ch. 3 - Describe scientific management. How was scientific...Ch. 3 - Who were the key contributors to scientific...Ch. 3 - Describe the Hawthorne studies. Was Elton Mayo a...Ch. 3 - What is the zone of indifference?Ch. 3 - Describe Folletts concept of conflict resolution.Ch. 3 - What does open systems say about management?Ch. 3 - What is contingency management?
Additional Business Textbook Solutions
Find more solutions based on key concepts
Discussion Questions 1. What characteristics of the product or manufacturing process would lead a company to us...
Managerial Accounting (5th Edition)
Discussion Questions 1. What characteristics of the product or manufacturing process would lead a company to us...
Managerial Accounting (4th Edition)
What can a company do to reduce its workers' compensation insurance costs?
Construction Accounting And Financial Management (4th Edition)
Define cost object and give three examples.
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
E2-13 Identifying increases and decreases in accounts and normal balances
Learning Objective 2
Insert the mis...
Horngren's Accounting (11th Edition)
Ravenna Candles recently purchased candleholders for resale in its shops. Which of the following costs would be...
Financial Accounting (12th Edition) (What's New in Accounting)
Knowledge Booster
Similar questions
- How will specialisation in the labour market minimise the cost of work?arrow_forwardHow do labor laws address issues related to wages, including minimum wage, overtime pay, and equal pay?arrow_forwardHow has globalization affected labor markets around the world, and what are some of the challenges faced by workers in this new global economy?arrow_forward
- Should employees automatically get paid more to work in hazardous jobs? Why or why not?arrow_forwardWhat is division of labour? And what is its advantages? And disadvantages?arrow_forwardWhat legal and ethical considerations should organizations keep in mind when staffing their workforce?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
