Table 3-10 Juanita and Shantala Run a Business That Programs and Tests

question 151

Multiple Choice

Table 3-10
Juanita and Shantala run a business that programs and tests cellular phones. Assume that Juanita and Shantala can switch between programming and testing cellular phones at a constant rate. The following table applies.

-Refer to Table 3-10.Juanita's opportunity cost of programming one cellular phone is testing

• A) 7.5 cellular phones and Shantala's opportunity cost of programming one cellular phone is testing 5/2 cellular phones.
• B) 2/15 cellular phones and Shantala's opportunity cost of programming one cellular phone is testing 5/2 cellular phones.
• C) 7.5 cellular phones and Shantala's opportunity cost of programming one cellular phone is testing 2/5 cellular phones.
• D) 2/15 cellular phones and Shantala's opportunity cost of programming one cellular phone is testing 2/5 cellular phones.

---

Definitions:

Evidence-Based Management

Evidence-Based Management is the systematic use of the best available evidence to improve management practices and decision-making.

Mental Blinders

Limitations in perception or thought processes that prevent individuals from seeing the full scope of solutions to a problem.

Bounded Rationality

A theory that suggests individuals make decisions based on the limited information available to them and their limited capacity to process this information.

Evidence-Based Management

An approach to managerial decision making and organizational practices based on the critical examination of available evidence and outcomes.