Which of These Is an Example of a Short-Term Goal

question 31

Multiple Choice

Which of these is an example of a short-term goal?

• A) I will go to a professor's office hours twice this month.
• B) I will go into a field with great salary prospects.
• C) I will graduate from a four-year college with honors.
• D) I will make plans for using my degree after graduation.

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Definitions:

Profit-Maximizing

A strategy where a business aims to achieve the highest possible profit from its operations.

Loss-Minimizing

A strategy or approach that aims to reduce or minimize losses in various contexts, including business, investment, and economic activities.

Short-Run Equilibrium

A state in which the quantity supplied equals the quantity demanded within a market, but only for a temporary period due to fixed inputs in production.

Long-Run Equilibrium

A state in which all firms in a market or industry are making normal profits, with no incentives for entry or exit, and all factors of production are perfectly mobile.