In the Long Run

question 76

Multiple Choice

In the long run,

• A)inputs that were fixed in the short run remain fixed.
• B)inputs that were fixed in the short run become variable.
• C)inputs that were variable in the short run become fixed.
• D)variable inputs are rarely used.

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Definitions:

Referent Power

Power derived from being well liked by others.

Legitimate Power

A form of authority where power is granted through societal structures, titles, or positions, deemed appropriate and recognized by those governed.

Employee Effectiveness

The extent to which employees successfully achieve the goals and objectives of the organization.

Power Holder

An individual or group that possesses and exercises authority or influence over others in a particular context.