If the Opportunity Cost of Producing One Basketball in Romania

question 244

Multiple Choice

If the opportunity cost of producing one basketball in Romania is 3 Barbie dolls,while the opportunity cost of producing one basketball in Nigeria is 2 Barbie dolls,_______ has the comparative advantage in the production of basketballs.

• A)Romania
• B)Nigeria
• C)both Romania and Nigeria
• D)neither Romania nor Nigeria

Comprehend the role of subsidiary ledgers and control accounts.

Grasp the concept and implications of e-commerce in accounting.

Understand how computerized accounting systems enhance record-keeping and reporting.

Identify the structure and use of a purchases journal.

---

Definitions:

Calibration

A process whereby managers meet to discuss the performance of individual employees to ensure that their employee evaluations are in line with one another.

Employee Ratings

Assessments or evaluations of employees' performance, typically based on predefined criteria, used for feedback and development purposes.

Job Evaluations

The process of systematically assessing the relative worth of jobs within an organization to establish fair salary levels.

Job Analysis

The process of gathering, documenting, and analyzing information about a job, including the tasks, responsibilities, skills, and requirements.