-Refer to the Above Table

question 311

Multiple Choice

-Refer to the above table. Assuming that opportunity costs are constant, the opportunity cost of producing a computer in the United States is equal to ________, and the opportunity cost of producing a computer in Mexico is ________.

• A)4 bicycles; 0.5 bicycles
• B)0.25 bicycle; 2 bicycles
• C)2.67 computers; 0.33 bicycles
• D)0.375 bicycle; 3 computers

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Definitions:

Repeat Purchases

Instances where customers buy the same product or service from a business more than once.

Supplier Performance Index (SPI)

A metric used to assess, measure, and manage the performance and effectiveness of suppliers in meeting predefined goals.

Preferred Supplier

A vendor that has been vetted and approved by a company due to their reliability, quality of products, or services, often given priority over other suppliers.

Activity Costs

Activity costs are the expenses associated with specific activities in a business, including manufacturing, marketing, or any other operational function, used in activity-based costing methods.