In Country A, the opportunity cost of one paper clip is 1/2. Option C
<h3>What is opportunity cost?</h3>
The opportunity cost refers to the alternative forgone in production. It means that it is the option that is chosen in the midst of other possibilities.
We can see from the table that in Country A, the opportunity cost of one paper clip is 1/2.
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Missing parts
If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules.
In country A the opportunity cost of 1 paper clip is
A.2 rubber bands.
B.1 rubber band
C.1/2 rubber band.
D.1/4 rubber band.
<span>gives families the money they need to survive.</span>
The statement is False.
<u>Explanation:</u>
The term strategic searching is not simply looking for two words at the same time and placing the use of the word Or between them. These are the strategies which are used to find words or the meaning of the concepts which one is looking for.
It does not only mean looking for two words at the same time. It is much more than simply stating that of searching the meaning of the two words with the help of word Or.
Quantitative methods of control are tools or instruments used to facilitate and carry out control that uses numerical values for planning in decision making, some of these methods are:
It is the method of formal quantitative expression of the objectives that the administration of the company proposes to achieve in a period, its purpose is the appropriate allocation of the resources available to the entity.
The audit is a control method to improve the organization, management and administration of risks, providing a vision and recommendations based on the analysis and evaluation of data and processes.
Therefore, we can conclude that quantitative methods of control are instruments that have a measurable and controllable characteristic, among these methods are budgets and audits.
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