Which of the Following Statements Is True

question 172

Multiple Choice

Which of the following statements is true ?

• A) Economic profit equals accounting profit minus implicit costs.
• B) The short run is any period of time in which there is at least one fixed input.
• C) A fixed input is any resource for which the quantity cannot change during the period under consideration.
• D) In the long run there are no fixed costs.
• E) All of the above.

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Definitions:

MBO Program

Management by Objectives (MBO) Program is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

Quantifiable

Capable of being measured or expressed as a numerical value.

Evaluation Interview

A meeting aimed at discussing an employee's job performance, objectives, and development needs based on a systematic assessment.