Stating: "According to the Company Code of Ethics, You Must

question 16

Multiple Choice

Stating: "According to the company code of ethics, you must not accept a gift over $25" is an example of which type of influence tactic?

• A) ingratiation
• B) legitimating
• C) pressure
• D) rational persuasion

---

Definitions:

Short Run

A period during which at least one factor of production is fixed, leading to limitations in output adjustment.

Long Run

A period of time in which all factors of production and costs are variable, allowing for full industry adjustment to changes.

Minimum ATC

This refers to the lowest point on the average total cost curve, representing the most efficient scale of operation for a firm.

Short Run

refers to a period in which at least one input in the production process is fixed and cannot be changed.