In the Short Run

question 15

Multiple Choice

In the short run,

• A)utilization of any input can be varied
• B)production takes less than one year
• C)all resources are limited in supply
• D)utilization of some inputs is assumed constant
• E)equilibrium cannot occur

---

Definitions:

Pro Forma Financial Statements

Financial documents that project a company's future financial performance based on certain assumptions.

Capital Intensity Ratios

Ratios that measure the extent to which a company is deploying its assets in its business operations.

Inventories

Stock of goods or materials held by a company, intended for sale or used in production processes.

Financial Ratios

Quantitative measures derived from financial statement analysis used by stakeholders to evaluate a company's financial performance and health.