This Table Shows How Much Cotton and Cocoa Can Be

question 99

Multiple Choice

This table shows how much cotton and cocoa can be produced in Peru and Brazil with one unit of equivalent resources. $$\begin{array}{l}\begin{array} { | l | l | l | } \hline & \begin{array} { l } \text { Cotton } \\\text { (bales) }\end{array} & \begin{array} { l } \text { Cocoa Beans } \\\text { (bushels) }\end{array} \\\hline \text { Peru } & 2 & 4 \\\hline \text { Brazil } & 1 & 6 \\\hline\end{array}\\\text { TABLE 33- } 4\end{array}$$
-Refer to Table 33- 4. The opportunity cost of a bale of cotton in Brazil is

• A) 1 bushel of cocoa beans.
• B) 4 bushels of cocoa beans.
• C) 6 bushels of cocoa beans.
• D) 1/6 bushels of cocoa beans.
• E) 2 bushels of cocoa beans.

Acknowledge that management functions extend beyond business settings to all types of organizations.

Recognize the sources of funding for companies and the roles of various stakeholders.

Identify the primary functions and concerns of managers within an organization.

Grasp the significance of strategic, tactical, and operational planning in achieving organizational objectives.

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Definitions:

Ethical Egalitarianism

A philosophical stance advocating for equal moral worth and fair treatment of all individuals.

Ethical Leadership

Leadership that is directed by respect for ethical beliefs and values, and for the dignity and rights of others, emphasizing morality in decision-making and actions.

Ethical Responsibility

An individual's or entity's obligation to act in ways that are moral, right, and beneficial to society.

Virtue-Based Theories

Ethical theories that focus on the moral character of an individual as the key element of ethical thinking, instead of rules or consequences.