Which Statement Is Descriptive of the Long Run

question 196

Multiple Choice

Which statement is descriptive of the long run?

• A) The firm must pay an electric bill that varies each month as well as a mortgage payment of $10,000 per month.
• B) The firm is trying to increase its amount of output by adding an extra shift so that its equipment is in use more hours of the day.
• C) A firm is deciding how much of its equipment to sell so that it can reduce its monthly loan payments for equipment.
• D) A firm is deciding how many workers to use in its production line.

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Definitions:

Personnel Policies

Guidelines and rules established by an organization regarding the management and treatment of its employees.

Recruitment

The process of attracting, screening, and selecting qualified candidates for a job within an organization.

Downsize

The process by which a company reduces its workforce to cut costs, often leading to restructuring of roles and operations.

Temporary Workers

Individuals employed in a work assignment that has a specified end date, often used by companies to fill short-term needs or seasonal positions.