In the Long Run, a Firm Can Vary

question 233

Multiple Choice

In the long run, a firm can vary

• A) its capital but not its labor.
• B) its labor but not its capital.
• C) both its labor and its capital.
• D) neither its labor nor its capital.

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Definitions:

Job Identification Section

Part of a job description or document that includes basic information about the job, such as title, department, and sometimes the immediate supervisor or reporting lines.

Job Duties Section

A portion of a job description that outlines the specific tasks, responsibilities, and functions of a position.

Job Title

A designation assigned to a specific job within an organization that reflects the nature of the job and the level of responsibility.

Employee/Job Incumbent Interview

This is a method used in job analysis where current employees performing the job are interviewed to gather information about job duties, skills, and work environment.