Suppose That a Typical German Factory Can Produce 20 Cameras

question 222

Multiple Choice

Suppose that a typical German factory can produce 20 cameras or 1 computer in an hour, and that a typical American factory can produce 10 cameras or one computer in an hour. Germany wishes to purchase computers from the United States in exchange for cameras. What is the maximum number of cameras per computer that Germany would be willing to pay the United States?

• A) 10 cameras per computer
• B) 20 cameras per computer
• C) 1 camera per computer
• D) 2 cameras per computer

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Definitions:

Upstream Activities

Operations or processes in an industry that occur closer to the source of raw materials or the beginning of the production line, such as exploration and extraction in the oil industry.

Sourcing

The process involved in finding, evaluating, and engaging suppliers of goods and services.

Procurement

The process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often involving tendering or competitive bidding.

Social CRM

The use of social media technology and services to enable organizations to engage their customers in a collaborative conversation in order to provide mutually beneficial value in a trusted and transparent manner.