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If they produce only hamburgers,in a single day Sarah can produce 10 hamburgers,and Abe can produce 5 hamburgers.If they make milkshakes only,in a single day Sarah can produce 10 milkshakes,and Abe can produce 4 milkshakes.Therefore,_____ has an absolute advantage and a comparative advantage in making _____.
Factual Information
Data and details that are true and can be verified, not based on feelings or opinions.
Uncertain Environment
A condition in which there is a lack of predictability or stability in the external or internal environment, affecting organizational strategies and decisions.
Intuition
The ability to understand or know something immediately, without the need for conscious reasoning or analysis.
Decision Making
The method of selecting options through recognizing a decision to be made, collecting data, and evaluating different solutions.
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