Table 2-17 Table 2-17 Shows the Output Per Week of Week

question 205

Multiple Choice

Table 2-17
Table 2-17 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles.
-Refer to Table 2-17. What is Lucy's opportunity cost of making a wagon?

• A) 3/4 of a wagon
• B) 3 wagons
• C) 1 1/3 tricycles
• D) 2 tricycles

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Definitions:

Three Stages

A conceptual division of a process or phenomenon into three sequential phases for easier understanding and analysis.

Effective Organizational Climate

The overall atmosphere within a company, influencing employees' behavior and work motivation.

Theory X

A management concept that assumes employees are inherently lazy and unambitious, requiring strict supervision and control to be productive.

Hygienes

The qualities in the workplace that are outside the job itself (examples: company benefits, policies, job security). When these factors are weak or missing, motivation will fall; however, when they are high, motivation will not be strong or long term.