During the Course of a Week, McDonald's Has Enough Time

question 1

Multiple Choice

During the course of a week, McDonald's has enough time to hire or layoff workers, but it does not have enough time to expand its kitchen or add an additional seating area. In this situation, McDonald's:

• A) has no fixed costs.
• B) is in the short run.
• C) suffers an economic loss.
• D) earns a large profit.

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Definitions:

Expectancy

The anticipation or belief about the likelihood of an event occurring in the future.

Perceived Relationship

The subjective understanding or interpretation of the nature, quality, and dynamics of a connection between entities.

Expectancy Model

A psychological theory that explains motivation as a process where individuals evaluate the likelihood that their efforts will lead to desired outcomes.

Technical Skills

Specific abilities or knowledge related to particular tasks, technologies, or fields of work.