One of the Main Differences Between the Long Run and the Short

question 39

Multiple Choice

One of the main differences between the long run and the short run is that

• A) the firm can earn a profit.
• B) the firm can operate at a loss.
• C) there are no diminishing returns in the short run.
• D) there are no diminishing returns in the long run.

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Definitions:

Rewarding Performance

The process of providing incentives or rewards to employees based on their achievements and contributions to the organization's goals.

Psychological Consequences

The mental and emotional outcomes or effects that arise from a particular event, condition, or situation.

360-degree Feedback

A comprehensive performance evaluation system where feedback is gathered from all directions including supervisors, peers, subordinates, and sometimes, customers.

Self-evaluations

Assessments individuals make about their own abilities, performance, and worth.