Which of the Following Is Most Likely a Long- Run

question 74

Multiple Choice

Which of the following is most likely a long- run decision for a firm?

• A) The amount of inventory to stock.
• B) The price at which to sell the product.
• C) The hours a store should stay open.
• D) How many warehouses to build.
• E) The number of workers to hire.

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Definitions:

Discharged by Agreement

A situation where the parties involved decide to release each other from the obligations of a contract, effectively ending the contract.

Operation of Law

Changes in legal rights or obligations that occur automatically due to established legal rules, without the need for action by the parties involved.

Discharged

Refers to the completion or termination of an obligation or responsibility, such as a debt being paid off or a contractual duty being fulfilled.

Frustration of Purpose

A legal doctrine that excuses a party from fulfilling a contract when an unforeseen event undermines the contract's original reason.