Table 3-2 -Refer to Table 3-2. What Is the Opportunity Cost of the Opportunity

question 145

Multiple Choice

Table 3-2

-Refer to Table 3-2. What is the opportunity cost of 1 kilogram of potatoes for the Farmer?

• A)8 hours of labour.
• B)2 hours of labour.
• C)4 kilograms of meat.
• D)1/4 kilogram of meat.

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Definitions:

ERP Implementation

ERP Implementation involves the process of deploying enterprise resource planning software in an organization to manage and integrate the important parts of its business.

SaaS ERP

Software as a Service-based Enterprise Resource Planning systems that provide business management tools over the internet.

IT Investments

Funds allocated towards information technology resources in an organization, including hardware, software, and services to improve business operations or efficiency.

Cloud-Based ERP

Enterprise Resource Planning systems hosted on cloud infrastructure, offering access to business management software over the Internet.