Jose and Maria Work at a Restaurant

question 346

Multiple Choice

Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles; Maria can make either 8 pancakes or 2 waffles. According to this scenario, the opportunity cost of making one waffle for Maria is

• A) 4 pancakes.
• B) 1/4 pancake.
• C) 2 1/2 pancakes.
• D) 2/5 pancake.

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Definitions:

Organization

A structured group of people with a specific purpose, such as a business, government agency, or charity.

Hierarchy

A system of organization where entities are ranked one above the other based on status or authority.

Span of Control

The number of subordinates that a manager or leader can effectively oversee, control, or manage.

Centralization

The organizational structure where decision-making authority is concentrated at the top levels of management and little autonomy is given to lower levels.