Table 2-7 Table 2-7 Shows the Output Per Month of Month

question 218

Multiple Choice

Table 2-7
Table 2-7 shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles.
-Refer to Table 2-7.What is Barney's opportunity cost of making a pogo stick?

• A) 1/2 unicycle
• B) 2 unicycles
• C) 1/3 unicycle
• D) 1.4 pogo sticks

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Definitions:

Operational Level

Pertains to the day-to-day activities and decisions within an organization that contribute to its overall performance.

Improved Profitability

An increase in the net profit margin, indicating better efficiency in managing costs or increasing sales revenues.

Benchmarking

The practice of comparing business processes and performance metrics to industry standards and best practices from other companies.

Limitations

Constraints or restrictions that impact the scope, effectiveness, or outcome of an activity, study, or project.