The Short Run

question 1

Multiple Choice

The short run:

• A) Is 1 week.
• B) Is when a firm has at least one fixed factor of production.
• C) Is when all the factors of production are variable.
• D) Is when losses are made.

Grasp the concepts and stages of the general adaptation syndrome.

Understand the variety and mechanisms of coping strategies in response to stress.

Recognize different stressful situations and their typical psychological impacts.

Understand how different levels of arousal affect performance in various activities.

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Definitions:

Organizational Culture

The collective values, beliefs, attitudes, and behaviors that characterize an organization, shaping its social and psychological environment.

Shared Assumptions

The common beliefs or understandings that members of a group or organization hold to be true, often unconsciously, which shape their behaviors and attitudes.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.

Organizational Ambidexterity

The ability of an organization to balance and manage both exploitative activities (improving existing operations) and exploratory activities (innovation and new opportunities) efficiently.