Given Below Is the Production Possibilities Schedule for a Small

question 38

Multiple Choice

Given below is the production possibilities schedule for a small island nation in South Pacific that produces capital and consumer goods.Table 2.3

-Which of the following ideas is illustrated by the production possibilities curve [PPC]?

• A)There are no limits on the total production feasible in an economy.
• B)An economy need not decrease the production of one commodity to increase the production of another.
• C)It is possible to satisfy unlimited wants in an economy through proper investment in research and development.
• D)When an economy chooses to produce a combination of goods and services, other combinations of goods and services are sacrificed.
• E)An economy can specialize in the production of only one good.

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Definitions:

Organisation Development Intervention

A structured program or process aimed at improving an organization's effectiveness, health, and ability to change through the application of behavioral science principles.

Change Agents

Individuals or entities that act as catalysts for change within an organization or community, facilitating and implementing new processes, innovations, or cultural shifts.

Change Process

An approach or series of steps undertaken to move an organization or individual from its current state to a desired future state.

Process Goals

Refers to objectives focused on improving the efficiency or effectiveness of specific processes in an organization.