In New Zealand One Worker Can Produce 40 Walking Sticks

question 21

Multiple Choice

In New Zealand one worker can produce 40 walking sticks or 10 boomerangs each hour.What is the opportunity cost of producing one walking stick?

• A)40 boomerangs
• B)10 boomerangs
• C)4 boomerangs
• D)1/4 of a boomerang
• E)1/2 worker

---

Definitions:

Environmental Forces

Various external factors and conditions that affect an organization's performance and decision-making processes, including economic, political, regulatory, and cultural factors.

Restaurant Industry

The sector of the economy dedicated to the operation of dining establishments providing food and beverage services to customers.

Knowledge

Information, understanding, or skill that one gets through experience or education.

Capitalize

To record an expense as an asset, rather than a cost, for purposes of financial accounting and future benefit realization.