Table 2-9 Table 2-9 Shows the Number of Labor Hours

question 126

Multiple Choice

Table 2-9
Table 2-9 shows the number of labor hours required to produce a wristwatch and a pound of rice in Japan and Thailand.
-Refer to Table 2-9.What is Japan's opportunity cost of producing one pound of rice?

• A)0.04 units of a wristwatch
• B)4 wristwatches
• C)25 wristwatches
• D)40 wristwatches

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Definitions:

Freight Costs

The charges incurred for transporting goods from one place to another via sea, air, or land carriers.

Decision Tree

A graphical representation used to display the outcomes of various actions and decisions, showing different paths based on decision points.

Possible Paths

In a network or system, the various routes or courses of action that can be taken to achieve an objective or reach a destination.

Flexible Global Supply Chain

A supply chain that can rapidly adjust its operations and processes in response to changing global market conditions and demands.