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How does an increase in job specialization lead to higher organizational performance?
Each worker becomes responsible for all the different tasks involved in producing a product thereby increasing productivity.
Workers performing specific tasks become much more skilled and produce a product faster while working in groups.
Each worker specializes in a different set of tasks over a period of time.
Workers join different groups and each group performs the same task at increasing costs over a period of time.
On November 26, a $20,000 payment was made on the account. The billing cycle for November has 30 days. If the current prime rate is 8.5% what is the finance charge on the account, and what is the firm's new balance?
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