Inputs That Can Be Increased or Decreased in the Short

question 119

Multiple Choice

Inputs that can be increased or decreased in the short run are called

• A)fixed inputs
• B)variable inputs
• C)economic inputs
• D)accounting inputs
• E)normal inputs

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Definitions:

Broker

A person or firm that acts as an intermediary between a buyer and seller, usually charging a commission.

Multiple Insurance Clause

A provision in insurance policies that outlines how claims will be handled when more than one policy covers the same loss.

Fidelity Insurance

A form of insurance coverage that protects businesses from losses due to fraudulent acts by employees, such as embezzlement or theft.

Proportionate Share

An individual's or group's fair or equitable portion of a whole, often related to shares in a company or distribution of assets.