Alice and Gene Work in the Mailroom,sorting and Delivering Mail

question 98

Multiple Choice

Alice and Gene work in the mailroom,sorting and delivering mail.In order for them to benefit from specialization and trade,Alice must

• A) be able to both sort and deliver faster than Gene.
• B) be equally productive in both sorting and delivering.
• C) have a comparative advantage in both sorting and delivering.
• D) have a comparative advantage in one task and Gene must have a comparative advantage in the other task.
• E) be equally productive as Gene in both sorting and delivering.

---

Definitions:

Global Management

Strategies and practices employed in leading, directing, and controlling international organizations and cross-cultural workforce.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Company's Performance

A measure of how well a business executes its strategies and achieves its objectives.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.