Use the Table Below to Answer the Following Question

question 70

Multiple Choice

Use the table below to answer the following question.
Table 2.1.3
Production possibilities for a society that produces only two
goods - hockey sticks and maple leaves
-Refer to Table 2.1.3.In moving from combination C to combination B,the opportunity cost of producing one additional hockey stick is

• A)2 maple leaves.
• B)1/2 maple leaves.
• C)6 maple leaves.
• D)1/6 maple leaves.
• E)3 maple leaves.

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Definitions:

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a named party.

Cost-Benefit

An analysis or approach that compares the costs of an action to its benefits to determine its feasibility or value.

Internal Controls

Procedures and mechanisms put in place by a company to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.

Benefits

Forms of non-wage compensation provided to employees in addition to their normal wages or salaries, like health insurance, pensions, and holidays.