Which of the Following Represents the Key Difference Between the Short

question 75

Multiple Choice

Which of the following represents the key difference between the short run and the long run?

• A) In the long run, the firm makes commitments to a certain type of production technology which are represented as fixed costs in the long run. For example, they have signed a lease on a particular production facility. These fixed costs do not exist in the short run.
• B) In the short run, the firm makes commitments to a certain type of production technology, which are represented as fixed costs in the short run. For example, they have signed a lease on a particular production facility. These fixed costs do not exist in the long run.
• C) The short run refers to less than two years and the long run in over two years.
• D) None of the above are correct.

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Definitions:

Workplace Violence

Acts of aggression, physical assaults, or threatening behavior occurring in work settings.

Hiring Procedures

The systematic process an organization uses to identify, attract, screen, and select candidates for employment.

Terminated Employees

Workers who have been dismissed or let go from their positions by the employing organization.

Cultural Intelligence

The ability to relate to and work effectively across cultures.