Which Resource(s) Are Fixed in the Short Run

question 248

Multiple Choice

Which resource(s) are fixed in the short run?

• A) land, capital, and labor
• B) land and labor
• C) labor and capital
• D) land and capital

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Definitions:

Ombudsperson

A neutral intermediary appointed to investigate complaints and mediate fair settlements between parties, especially in an institutional or organizational setting.

Peer-Review Boards

Committees made up of employees who review decisions or actions (such as disputes or grievances) within an organization, offering a form of internal oversight.

Fast-Track

A process or program designed to speed up employee development or career advancement, often by providing intensive training and opportunities.

Vice-President

A high-ranking executive officer in a company or organization, typically ranking just below the president and often responsible for a specific department or division.