Table 2-19 Table 2-19 Shows the Output Per Month of Month

question 293

Multiple Choice

Table 2-19
Table 2-19 shows the output per month of two people, Wilma and Betty. They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19. What is Wilma's opportunity cost of making a bench?

• A) 1/3 of a statue
• B) 3 statues
• C) 1/2 of a bench
• D) 1.3 statues

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Definitions:

Perceived Threat

An individual's recognition and evaluation of danger or harm in a situation, which can influence their behavior and decision-making.

Inertia

The tendency to remain unchanged or to do nothing when action is necessary, often within organizational change contexts.

Organizational Change

The process through which a company or organization changes its structure, strategies, operational methods, technologies, or organizational culture.

Environmental Change

Involves alterations in the natural or built environment resulting from human activities or natural processes.