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Conservation Biologists Breed Some Endangered Species Like the Panda Bear

question 64

Multiple Choice

Conservation biologists breed some endangered species like the panda bear in captivity.Which is the most likely reason that panda populations in the wild are still threatened?

Understand the principles behind cost-plus pricing.
Calculate and compare production costs for making vs. buying decisions.
Prioritize product production based on contribution margin per constraint unit (e.g., machine hours).
Recognize the concept of opportunity cost and its importance in managerial decision-making.

Definitions:

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type; commodities are often used as inputs in the production of other goods or services.

Comparative Advantage

The competency of a country, individual, corporation, or region to manufacture a good or provide a service at a reduced opportunity cost than that of its competition.

Relative Efficiency

A measure of how effectively an entity (such as a firm or economy) utilizes its resources compared to another, often used to identify opportunities for improvement.

Absolute Efficiency

A state where resources are allocated in the most effective way possible, achieving maximum output with given inputs.

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