Strategic management text and cases 9th edition dess test bank

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Chapter 02 Test Bank
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Student:hh

1. Anhindividualhhashanhabsolutehadvantagehinhproducinghpizzashifhthathindividual:

A. hashahlowerhopportunityhcosthofhproducinghpizzashthanhanyonehelse.
B. canhproducehmorehpizzashinhahgivenhamounthofhtimehthanhanyonehelse.
C. hashahhigherhopportunityhcosthofhproducinghpizzashthanhanyonehelse.
D. chargeshthehlowesthpricehforhpizzas.

2. IfhAlhhashanhabsolutehadvantagehoverhBethhinhpreparinghmeals,hthen:

A. ithtakeshAlhmorehtimehtohpreparehahmealhthanhBeth.
B. thehproblemhofhscarcityhapplieshtohBethhbuthnothtohAl.
C. Al'shopportunityhcosthofhpreparinghahmealhishlowerhthanhishBeth's.
D. AlhcanhpreparehmorehmealshinhahgivenhtimehperiodhthanhBeth.

3. IfhLeshcanhproducehtwohpairshofhpantshperhhourhwhilehEvahcanhproducehonehpairhperhhour,hthenhithmusthbehtruehthat:

A. Leshhashahcomparativehadvantagehinhproducinghpants.
B. Leshhashanhabsolutehadvantagehinhproducinghpants.
C. Evahhashahcomparativehadvantagehinhproducinghpants.
D. Leshhashbothhcomparativehandhabsolutehadvantagehinhproducinghpants.

4. Ifhahnationhcanhproducehahmorehcomputershperhyearhthanhanyhotherhnation,hthathnationhhasha(n) advantagehinhthehproductionhofhcomputers.

A. comparative
B. absolute
C. relative
D. natural

5. Ifhyouhhavehahcomparativehadvantagehinhahparticularhtask,hthen:

A. youharehbetterhathiththanhotherhpeople.
B. youhgivehuphmorehtohaccomplishhthathtaskhthanhdohothers.
C. youhgivehuphlesshtohaccomplishhthathtaskhthanhdohothers.
D. youhhavehspecializedhinhthathtask,hwhilehothershhavehnot.




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6. Larryhhashahcomparativehadvantagehoverhhishclassmateshinhwritinghtermhpapershifhhe:

A. canhwritehtermhpapershfasterhthanhhishclassmates.
B. hashanhabsolutehadvantagehinhwritinghtermhpapers.
C. alwayshearnshanhAhonhhishtermhpapers.
D. hashahlowerhopportunityhcosthofhwritinghtermhpapershthanhhishclassmates.

7. Ifhahnationhhashthehlowesthopportunityhcosthofhproducinghahgood,hthathnationhhasha(n) inhthehproductionhofhthathgood.

A. comparativehadvantage
B. absolutehadvantage
C. comparativehadvantagehandhanhabsolutehadvantage
D. absolutehadvantagehandhpossiblyhahcomparativehadvantage.

8. Whichhofhthehfollowinghstatementshishtrue?

A. Absolutehadvantagehimplieshcomparativehadvantage.
B. Comparativehadvantagehdoeshnothrequirehabsolutehadvantage.
C. Absolutehadvantagehrequireshcomparativehadvantage.
D. Comparativehadvantagehrequireshabsolutehadvantage.

9. IfhJanehcanhproduceh3hpairshofhshoeshperhhour,hwhilehBobhcanhproduceh2,hthen hasha(n) advantagehinhproducinghshoes.

A. Jane;habsolute
B. Jane;hcomparative
C. Bob;habsolute
D. Bob;hcomparative

10. Referhtohthehtablehbelow.hAccordinghtohthehtable,hMarthahhashthehabsolutehadvantagehin:




A. pies.
B. neitherhpieshnorhcakes.
C. cakes.
D. bothhpieshandhcakes.


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11. Referhtohthehtablehbelow.hAccordinghtohthehtable,hJuliahhashthehabsolutehadvantagehin:




A. pies.
B. neitherhpieshnorhcakes.
C. cakes.
D. bothhpieshandhcakes.

12. Referhtohthehtablehbelow.hMartha'shopportunityhcosthofhmakinghofhahpiehis:




A. 3/4hofhahcake.
B. 4/3hofhahcake.
C. 8hcakes.
D. 80hcakes.




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13.hReferhtohthehtablehbelow.hMartha'shopportunityhcosthofhmakinghahcakehis
:




A. 3/4hofhahpie.
B. 4/3hofhahpie.
C. 6hpies.
D. 60hpies.

14. Referhtohthehtablehbelow.hJulia'shopportunityhcosthofhmakinghahpiehis:




A. 60hcakes
B. 6hcakes
C. 6/5hofhahcake
D. 5/6hofhahcake





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