Brazil Can Produce One Unit of Sugar Cane for One

question 231

Multiple Choice

Brazil can produce one unit of sugar cane for one unit of labor and one iPod for eight units of labor, and China can produce one unit of sugar cane for two units of labor and one iPod for four units of labor. What are each country's opportunity costs of producing iPods?

• A) Brazil: 4 units of sugar cane; China: 2 units of sugar cane
• B) Brazil: 8 units of sugar cane; China: 2 units of sugar cane
• C) Brazil: 1/8 unit of sugar cane; China: 1/2 unit of sugar cane
• D) Brazil: 1/2 unit of sugar cane; China: 1/2 unit of sugar cane

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Definitions:

Organization's Mission

The core purpose and objectives of an organization, which guides its actions and strategic decisions.

Compensation System

The total package of monetary and non-monetary pay provided to employees for their work, including wages, bonuses, and benefits.

Organizational Success

A measure of how effectively a company achieves its goals and objectives, often assessed through financial performance, market share, and stakeholder satisfaction.

Classical Strategy

A framework in strategic management that emphasizes an analytical approach to ensuring long-term company success through analysis, planning, and logical decision-making.