Figure 2-12 -Suppose Bob and Tom Are Writing Jokes for a Their

question 117

Multiple Choice

Figure 2-12
$$\begin{array} { | c | c | c | } \hline & \text { Bob } & \text { Tam } \\\hline \text { Political Jokes per day } & 10 & 11 \\\hline \text { Celebrity Jakes per day } & 2 & 12 \\\hline\end{array}$$
-Suppose Bob and Tom are writing jokes for a their new TV show.Suppose there are two types of jokes,political jokes and jokes about celebrities.The number of jokes that can be produced by each person in each category are listed in Figure 2-12.From this table you can tell that

• A) Bob has an absolute advantage in both political and celebrity jokes
• B) Tom has an absolute advantage in both political and celebrity jokes but a comparative advantage in political jokes only
• C) Bob has an comparative advantage in both political and celebrity jokes
• D) Tom has an comparative advantage in both political and celebrity jokes
• E) Tom has an absolute advantage in both political and celebrity jokes but a comparative advantage in celebrity jokes only

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Definitions:

Contingency Theory

Contingency theory asserts that the effectiveness of leadership or decision-making processes depends on the context or environment in which they occur, suggesting there is no one best way to manage or lead.

Empowerment Theory

A psychological approach that focuses on enabling individuals to gain control, authority, and influence over their own lives and the decisions that affect them.

Influence Events

Events or occurrences that have the power to impact decisions, behaviors, or the outcome of a situation significantly.

Prescriptive Contingency

A management approach that suggests specific actions to be taken in certain situations, based on the contingent nature of the environment.