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NEW QUESTION: 1
The following table provides the output per labor unit for a pair of countries for two products.
Output/labor unit: Country X: Country Y
Bricks (thousand): 5: 6 Cement (tons): 3.5: 5
Which of the following statements can be supported on the basis of law of comparative advantage?
A. Country X should produce cement and country Y should produce bricks.
B. Country X should produce bricks and country Y should produce cement.
C. Country X should produce 0.70 tons of cement for every one thousand bricks, and country Y should produce 0.83 tons of cement for every thousand bricks.
Answer: B
Explanation:
The law of comparative advantage says that a country should specialize in the production of a good in which it has a relatively lower opportunity cost In the case country X's opportunity cost of producing thousand bricks is 0 70 tons of cement (= 3 5/5) lower opportunity cost. In the case, country X s opportunity cost of producing thousand bricks is 0.70 tons of cement ( 3.5/5). Country Y's cost of producing thousand bricks is 0.83 tons of cement (= 5/6). Given that country X has a lower opportunity cost of producing bricks, it should produce bricks and country Y should produce cement. They will both benefit from trade so long as the terms of trade are between 0.70 - 0.83 tons of cement per thousand bricks.
NEW QUESTION: 2
Which of the following protocols is used to provide remote monitoring and administration to network management machines on the network? The management machines will use this protocol to collect information for network monitoring. At times, the protocol can also be used for remote configuration.
A. SNMP
B. Telnet
C. NNTP
D. SSH
Answer: A
NEW QUESTION: 3
Which one of the following best describes Progressive discipline?
A. Discussion of substandard performance, verbal warning, written warning, and final written warning.
B. Series of documents of employee's substandard performance prior to each step of discipline or termination.
C. Series of documents of employee's incompetence or insubordination that precedes an employee's termination.
D. Discussion of substandard performance, written warning, final written warning, termination.
Answer: A
Explanation:
Explanation/Reference:
Answer option A is correct.
Progressive discipline usually follows a series of steps of discipline, where each step is slightly more serious than the previous step. The most common steps are: Discussion of substandard performance, verbal warning, written warning, and final written warning.
Answer options B, C, and D are incorrect. These are'nt valid descriptions of progressive discipline.
Reference: PHR Exam Prep, Pearson Education, ISBN: 978-0-7897-3677-2. Chapter Seven: Employee and Labor Relations. Official PHR and SPHR Certification Guide, HR Certification Institute, ISBN: 978-1-
586-44149-4, Section III, The US HR Body of Knowledge.
Chapter: Human Resource Development
Objective: Talent Management