Refer to Figure 7

question 54

Multiple Choice

Refer to Figure 7.1.What is the average product of 20 workers?

• A) 1.1 units of output
• B) 22 units of output
• C) 2 units of output
• D) 8 units of output

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Definitions:

Outside Directors

Board members who are not part of the company's day-to-day operations, providing independent, unbiased perspectives on governance and strategy.

Sustainable Strategic Competitiveness

Refers to a company's capability to formulate and implement a value-creating strategy based on business sustainability principles.

Reactor Strategy

A reactor strategy is a type of business approach where an organization reacts to external forces and changes without a consistent strategic plan, often in response to immediate challenges rather than long-term goals.

Competitive Pressures

The influence exerted by competing organizations in a market, compelling businesses to continually improve and innovate.