Use the Following Scenario to Answer the Following Questions

question 104

Multiple Choice

Use the following scenario to answer the following questions:
Esther and Ebenezer produce hamburgers and hot dogs.Esther can produce six hamburgers per hour or four hot dogs per hour.Ebenezer can produce three hamburgers per hour or one hot dog per hour.
-Based on the scenario,Ebenezer's opportunity cost of one hamburger is ________ hot dog(s) .

• A) one-third of a
• B) one
• C) six
• D) four
• E) eight

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Definitions:

Supply Management Trends

The emerging patterns and shifts in practices related to procuring, managing, and optimizing an organization's supply chain to enhance efficiency, reduce costs, and improve relationships with suppliers.

Online Auctions

A virtual auction process where goods or services are sold to the highest bidder through a website or online platform.

Key Suppliers

Critical vendors or providers whose goods or services are essential to a company's operations, often contributing significantly to the product or service output.

Satisfaction Level

A measure of how products or services meet or surpass customer expectations.