John Can Make Pizza at a Lower Opportunity Cost Than

question 48

Multiple Choice

John can make pizza at a lower opportunity cost than Allen, but Allen can make more pizzas per day than John. Therefore,

• A) John has a comparative advantage in pizza.
• B) John has an absolute advantage in pizza.
• C) John cannot benefit from trade with Allen.
• D) Allen has a comparative advantage in pizza.
• E) Allen cannot benefit from trade with John.

Discuss alternative human resource planning strategies to downsizing.

Understand the roles of human resources in organizational downsizing and restructuring.

Analyze the impact of downsizing and restructuring on employees.

Identify organizational interventions to support employees through downsizing.

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Definitions:

Group Decision Making

A process where members of a group collectively analyze problems and look for solutions, aiming to reach a consensus that reflects the input and perspective of the entire group.

Probabilities

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Reliable Historical Data

Trustworthy and dependable data from the past, used for research, analysis, or decision making, which has been accurately recorded and preserved.

Subjective Probabilities

Estimates of the likelihood of events based on personal judgment or experience, rather than on objective data or statistical analysis.