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Table 24 Table 2

question 46

Multiple Choice

Table 2.4 Table 2.4 Table 2.4 shows the output per week of two jewellers, Serena and Haley.They can either devote their time to making bracelets or making necklaces. -Refer to Table 2.4.What is Serena's opportunity cost of making a bracelet? A) 2 necklaces B) 1/2 of a bracelet C) 1/2 of a necklace D) 3/4 of a bracelet Table 2.4 shows the output per week of two jewellers, Serena and Haley.They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2.4.What is Serena's opportunity cost of making a bracelet?

Definitions:

Job Evaluation Method

A systematic process used to assess the relative worth of jobs within an organization for the purpose of establishing equitable salary levels and pay scales.

Benchmark Jobs

Positions that are common across industries, used to make comparisons for purposes of salary surveys and establishing pay scales.

Pay Grade

A step or level within a pay structure that determines the amount of compensation an employee receives.

Formal Operational

The final stage in Piaget’s theory of cognitive development, characterized by the ability to think abstractly, reason logically, and use deductive reasoning.