Mike and Sandy Are Two Woodworkers Who Both Make Tables

question 58

Multiple Choice

Mike and Sandy are two woodworkers who both make tables and chairs.In one month,Mike can make 4 tables or 20 chairs,where Sandy can make 6 tables or 18 chairs.What is the opportunity cost of 1 table?

• A)1/5 chair for Mike and 1/3 chair for Sandy
• B)5 chairs for Mike and 3 chairs for Sandy
• C)1/3 chair for Mike and 1/5 chair for Sandy
• D)3 chairs for Mike and 5 chairs for Sandy

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Definitions:

Implementing Change

The process of applying strategies and actions to initiate and sustain modifications in organizational policies, procedures, or culture.

Force-Field Analysis

A framework for analyzing a problem that seeks to identify all the relevant factors and stakeholders that are acting to either sustain the current state or to move away from the current state.

Organizational Analysis

The process of reviewing the structure, operations, and performance of an organization to identify areas of improvement.

Current State

The existing conditions or situation of an organization, system, or process at a given point in time.