Table 3-9 Barb and Jim Run a Business That Sets Up and Up

question 138

Multiple Choice

Table 3-9
Barb and Jim run a business that sets up and tests computers. Assume that Barb and Jim can switch between setting up and testing computers at a constant rate. The following table applies.

-Refer to Table 3-9.Barb's opportunity cost of testing one computer is setting up

• A) 4/5 computer and Jim's opportunity cost of testing one computer is setting up 3/4 computer.
• B) 4/5 computer and Jim's opportunity cost of testing one computer is setting up 4/3 computers.
• C) 5/4 computers and Jim's opportunity cost of testing one computer is setting up 3/4 computer.
• D) 5/4 computers and Jim's opportunity cost of testing one computer is setting up 4/3 computers.

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Definitions:

Ethics

The moral principles that govern a person's behavior or the conducting of an activity.

Treating Others

The manner in which individuals interact with and behave toward others, often reflecting their values, beliefs, and social norms.

Organization

A structured group of people working together towards common goals, characterized by a system of roles, rules, and relationships.

Business Competition

The rivalry among companies striving for greater sales, market share, and customer loyalty within the same market.