In New Zealand One Worker Can Produce 40 Walking Sticks

question 21

Multiple Choice

In New Zealand one worker can produce 40 walking sticks or 10 boomerangs each hour.What is the opportunity cost of producing one walking stick?

• A)40 boomerangs
• B)10 boomerangs
• C)4 boomerangs
• D)1/4 of a boomerang
• E)1/2 worker

Distinguish between different types of arguments including restatements, popularity claims, hasty generalizations, false dilemmas, and ad hominem attacks.

Explain the relevance and impact of informational constraints on project completion.

Appreciate the role of adequate sample sizes in the persuasiveness of statistical evidence.

Outline the three essential elements of an argument.

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Definitions:

Quality Problems

Issues related to the inferior performance, defects, or non-conformity of a product or service.

Frequency

The rate at which something occurs or is repeated over a particular period of time or in a given sample.

Six Sigma

A set of techniques and tools for process improvement, aimed at reducing variability and defects in manufacturing and business processes.

Quality Management System

A framework of processes and procedures used to ensure that an organization can consistently meet customer and regulatory requirements for quality.