In 2008, Precision Pattern Interiors, Which Makes High-End Aircraft Interiors

question 1

Multiple Choice

In 2008, Precision Pattern Interiors, which makes high-end aircraft interiors, began a $1 million renovation of a building at the Hutchinson Air Base Industrial Tract south of Yoder, Kansas. The company will also add some $400,000 in new equipment and triple its Yoder work force. Why would the long run decisions be riskier than the short run decisions?

• A) Because the firm has to live with the long run decisions for a long time
• B) Because it is easier to sell the equipment than it is to lay off employees
• C) Because the firm has to raise prices to purchase equipment
• D) Because employees will be upset

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Definitions:

Big Five Personality Factors

A theory that identifies five basic dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Dominance

The state of having power and influence over others, often observed in social, organizational, or animal behavior contexts.

Agreeableness

A personality trait characterized by compassion, cooperativeness, and a desire to get along with others.

Five-Factor Model

A comprehensive model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.