Suppose It Takes Dan 5 Minutes to Make a Sandwich

question 93

Multiple Choice

Suppose it takes Dan 5 minutes to make a sandwich and 15 minutes to make a smoothie, and it takes Tracy 6 minutes to make a sandwich and 12 minutes to make a smoothie. Which of the following statements is correct?

• A)Dan has the comparative advantage in smoothies, but Tracy has the absolute advantage in smoothies.
• B)Dan has the comparative and absolute advantage in sandwiches.
• C)Dan has the comparative and absolute advantage in smoothies.
• D)Dan has the comparative advantage in sandwiches, but Tracy has the absolute advantage in sandwiches.

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Definitions:

Virtual Teams

Groups of individuals who work together from various geographic locations and rely on communication technology to collaborate.

Flatter Organization

An organization with fewer hierarchical levels, promoting better communication, quicker decision-making, and often higher employee morale.

Self-managed Teams

Groups of workers who are given administrative oversight for their task domains, including planning and scheduling of work, the allocation of resources, and the operation of their work processes.

Self-managed Team

A group of employees who are provided with the autonomy to manage their work and make decisions without direct supervision.