If All Factors Are Variable and Their Quality and Productivity

question 73

Multiple Choice

If all factors are variable and their quality and productivity can be changed, then we must be operating in:

• A) the long run
• B) the short run
• C) the very long run
• D) the very short run

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Definitions:

Job Security

The probability that an individual will retain their job; a secure job is one with a low risk of involuntary termination.

Human Resource Practices

Activities and strategies implemented by an organization's human resources department to manage employees, such as recruitment, training, and performance appraisal.

Diverse Workforce

A labor pool consisting of workers with varying characteristics including but not limited to race, gender, ethnicity, age, and sexual orientation.

Human Resources

The department within an organization that focuses on recruitment, management, and providing direction for people who work in the organization; also refers to the employees themselves.