In an Assignment Method Problem, If It Takes Abe 3

question 1

Multiple Choice

In an assignment method problem, if it takes Abe 3 hours to build a birdhouse and 4 hours for a doghouse, while Betty takes 4 hours for a birdhouse and 3 hours for a doghouse, what is the reduced cost (in hours) of assigning Abe to build the doghouse?

• A) 0 hours
• B) 1 hour
• C) 2 hours
• D) 3 hours
• E) 4 hours

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Definitions:

Debt Securities

Financial instruments representing a loan made by an investor to a borrower, typically including bonds, notes, and bills.

Conservative Approach

A financial strategy that opts for lower risk investment options to preserve capital and ensure long-term security.

Trading Securities Portfolio

A portfolio of securities that the holder actively manages and buys or sells with the intention of profiting in the short term.

Cash Proceeds

The total amount of cash received from transactions, such as the sale of assets or products.