Which of the Following Statements Is False

question 288

Multiple Choice

Which of the following statements is false?

• A)The short run refers to a period of less than one year.
• B)In the long run, all inputs can vary in quantity.
• C)Firms may continue operating at a loss in the short run.
• D)In the long run, firms would not continue operating at a loss.

Recognize the role of punishment and cooperation in societal functioning.

Understand the development and impact of stereotypes and prejudice.

Explain the process and importance of attribution in social psychology.

Understand the limitations and appropriate use of spell-checkers.

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Definitions:

Profitability

A measure of the efficiency and financial success of a business, indicated by the net income over a specific period relative to its revenues.

Organizational Operating Surplus

The excess of revenues over operating expenses within an organization, indicating financial health and efficiency.

Accounting

the systematic process of recording, analyzing, and reporting financial transactions for a business or individual.

Financial Management

The efficient and effective management of money in such a manner as to accomplish the objectives of the organization.