Table 2-9 Table 2-9 Shows the Output Per Week of Week

question 310

Multiple Choice

Table 2-9
Table 2-9 shows the output per week of two jewelers, Serena and Haley. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2-9. Which of the following statements is true?

• A) Haley has a comparative advantage in making both products.
• B) Serena has a comparative advantage in making both products.
• C) Haley has a comparative advantage in making bracelets and Serena in making necklaces.
• D) Haley has a comparative advantage in making necklaces and Serena in making bracelets.

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Definitions:

Organizational Change

Organizational change refers to the process through which a company or organization goes through a transition to achieve a desired state, improve processes, technologies, or organizational structure.

New Norms

Emerging standards or practices that become accepted within a society or organization.

Organizational Learning

The capacity of an organization to acquire, apply, and transfer knowledge to improve its performance over time.

Double-Loop Learning

A learning process where errors are corrected by reevaluating and modifying the underlying norms, policies, and objectives that led to the errors, in contrast to single-loop learning which focuses only on fixing the errors themselves.