You Have an Appointment for an Interview at 3:00, but There

question 24

Multiple Choice

You have an appointment for an interview at 3:00, but there is an unexpected ice storm and you cannot safely arrive on time. You should

• A) call before 3:00 and ask if you can reschedule.
• B) call the next day to reschedule.
• C) not follow up because they probably think you did not want to make the effort.
• D) go in person as soon as possible to show you are interested in the job.

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Definitions:

Fixed Factors

Inputs in the production process that cannot be easily increased or decreased in the short term, such as machinery or land.

Perfect Certainty

A situation in decision making where all outcomes are known and there is no ambiguity or risk.

Immediate Profits

Earnings realized in the short term, reflecting the current operations of a business rather than long-term investments.

Marginal Product

The additional output generated by employing one more unit of a particular input, such as labor or capital.