Question : Statement 1: Division of labor involves breaking down tasks into smaller components.
Statement 2: It does not contribute to increasing efficiency and productivity.
Option 1: Statement 1 is true, and Statement 2 is false.
Option 2: Statement 1 is false, and Statement 2 is true.
Option 3: Both Statement 1 and Statement 2 are true.
Option 4: Both Statement 1 and Statement 2 are false.
Correct Answer: Statement 1 is true, and Statement 2 is false.
Solution : The correct answer is (a) Statement 1 is true, and Statement 2 is false.
Statement 1 is true. Division of labor is a principle where a complex task or process is broken down into smaller, more manageable and specialized tasks. Each individual or specialized group focuses on performing their specific tasks, which can improve efficiency and productivity.
Statement 2 is false. Division of labor contributes to increasing efficiency and productivity by allowing individuals or specialized groups to focus on specific tasks, leading to improved proficiency and speed in completing those tasks. Specialization often leads to expertise, efficiency gains, and ultimately increased overall productivity.