Table 3-4 -Refer to Table 3-4

question 67

Multiple Choice

Table 3-4
$\begin{array}{|l|c|c|c|c|}\hline&\text { Labour hours needed to make one unit of: }&&\text { Amount Produced in } 40 \text { hours: }\\\hline & \text { Cheese } & \text { Bread } & \text { Cheese } & \text { Bread } \\\hline \text { England } & 3 & 2 & 13.3 & 20 \\\hline \text { Spain } & 1 & 5 & 40 & 8 \\\hline\end{array}$
-Refer to Table 3-4.The opportunity cost of one unit of cheese in England is:

• A)four units of bread
• B)two units of bread
• C)1/2 unit of bread
• D)1.5 units of bread

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Definitions:

Minority Shareholder

An investor who owns less than 50% of a company's shares and therefore does not control decision-making processes.

Dissent Procedure

A legal process that allows a corporation's minority shareholders to object to certain corporate actions they disagree with.

Corporate Structure

The organization of different departments or units within a company, defining roles, responsibilities, and authority levels.

Market Value

The estimated amount for which an asset or service would trade in the marketplace at a given time.