The concept of relative comparative advantage's origins lie in:

A) Adam Smith's work of 1776
B) David Ricardo's work of 1776
C) The Wealth of Nations book, published in 1887
D) On the Principles of Political Economy and Taxation book, published in 1817


Answer: D

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Behavior is viewed as operating at the individual, ________, and organizational levels.

A. structural B. spiritual C. group D. emotional

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A corporation which makes a charitable contribution of property for the care of the needy gets a deduction equal to the adjusted basis of the property.

Answer the following statement true (T) or false (F)

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Which of the following statements about Lloyd's of London is true?

A) Coverage is actually written by syndicates who belong to Lloyd's of London. B) New individual members or Names who belong to the various syndicates have unlimited legal liability. C) It operates as an admitted insurer throughout the United States. D) It allows underwriters to write coverage without meeting stringent financial requirements.

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The current classification of organizations into departments like Accounting and Human Resources shows how the organizational structure evolved by breaking complex tasks into smaller, manageable tasks

Indicate whether the statement is true or false

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