Suppose Jim Is a Brilliant Attorney Who Can Draft Especially

question 98

Multiple Choice

Suppose Jim is a brilliant attorney who can draft especially persuasive legal briefs.He also happens to possess some excellent administrative skills such as typing,filing,assembling binders and notes,and making reservations.Which best describes whether Jim should hire an administrative assistant to help him?

• A) Jim should not hire an administrative assistant because he has an absolute advantage in performing administrative functions.
• B) Jim should not hire an administrative assistant because he likely has a comparative advantage in performing administrative functions.
• C) Jim should hire an administrative assistant because the assistant would likely have an absolute advantage in writing legal briefs.
• D) Jim should hire an administrative assistant because the assistant would likely have a comparative advantage in performing administrative functions.
• E) Jim should hire an administrative assistant because the assistant would likely have a comparative advantage in writing legal briefs.

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Definitions:

Discriminant Analysis

A statistical technique used to classify observations into predefined categories based on several predictor variables.

Multiple Regression

A statistical technique whereby several variables are used to predict one.

Analysis of Variance

A statistical method used to compare the means of three or more samples to understand if at least one of the sample means significantly differs from the others.