The Data in the Table Below Assumes That with the Same

question 88

Multiple Choice

The data in the table below assumes that with the same quantity of resources,both Australia and Philippines produces food and computers.Australia can make 1,000 computers or 2,000 units of food in a day,and the Philippines can make 200 computers or 1,200 units of food in a day. Table 20.2
-According to Table 20.2,what is the opportunity cost of 1 computer in the Philippines?

• A)6 units of food
• B)Three-fifths of a unit of food
• C)One-sixth of a unit of food
• D)2 units of food
• E)1 unit of food

---

Definitions:

Training And Reward

The process of providing employees with the necessary skills for their roles and incentivizing them with various forms of compensation or recognition.

Talent

The innate abilities, skills, and expertise that individuals possess, which can be leveraged to meet organizational goals.

Fringe Benefits

Additional benefits offered to employees beside their basic salary, such as health insurance, paid vacations, or retirement plans.

Payroll

The total amount of money that a company pays to its employees, which involves calculating salaries, wages, bonuses, deductions, and net pay.