Phoenix Furniture Uses 10 Workers, Each Working Eight Hours, to Produce

question 362

Multiple Choice

Phoenix furniture uses 10 workers, each working eight hours, to produce 80 rocking chairs. What is Phoenix's productivity?

• A)80 rocking chairs
• B)10 rocking chairs per hour
• C)1 rocking chair per hour
• D)1 hour per rocking chair

---

Definitions:

Financial Option

A contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date.

Fixed Price

A set price that does not change over time, typically in contract agreements for goods or services, offering predictability in costs.

Pure Play Method

An approach in finance where investments are made in companies that specialize in a single line of business or sector to achieve specific exposure.

Beta

A measure of a stock's volatility in relation to the overall market; a beta above 1 means the stock is more volatile than the market, while below 1 means less.