In Canada, the Average Worker Can Produce 10 Computers or 6

question 77

Multiple Choice

In Canada, the average worker can produce 10 computers or 6 cars a year. In the United States, the average worker can produce 12 computers or 10 cars a year. Thus

• A) Canada has a comparative advantage in producing both goods.
• B) Canada has a comparative advantage in the production of computers.
• C) the United States has a comparative advantage in producing both goods.
• D) the United States has a comparative advantage in the production of computers.

Discuss the 70-20-10 model for workplace learning and its components.

Analyze goal-setting theory in the context of learning and performance improvement.

Understand different sources of power in organizations and their effects on behavior.

Identify the role of political behavior in organizational dynamics.

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Definitions:

Direct Materials

Ingredients that are identifiable in the production process of a product and serve as fundamental elements of the end product.

Direct Labor-Hours

The overall hours dedicated by workers who are directly contributing to the production line.

Variable Overhead

Costs that vary with the level of production output, such as utilities for manufacturing equipment, which are not fixed.

Standard Cost

An estimated or pre-determined cost of manufacturing a product or performing a service, used for budgeting and performance evaluation.