A Local Potato Chip Company Plans to Keep and Maintain

question 188

Multiple Choice

A local potato chip company plans to keep and maintain its chip factory,which is estimated to last 25 years.All cost decisions it makes during the 25-year period

• A)are short-run decisions.
• B)are long-run decisions.
• C)involve only maintenance of the factory.
• D)are zero, since the cost decisions were made at the beginning of the business.

---

Definitions:

Hunting Cabin

A small, often rustic dwelling used as a base by hunters during hunting season.

Deposit

A deposit is a sum of money placed in a bank account or paid as an assurance for the fulfillment of a contract, which may be refundable under certain conditions.

Power of Attorney

A legal document authorizing one person to act on another's behalf in legal matters or decisions.

Seal

Historically, a device or substance used to stamp or mark documents, implying authenticity and intention to be legally bound.