Which of the Following Would Be Classified as a Short-Run

question 39

Multiple Choice

Which of the following would be classified as a short-run decision?

• A)A firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies, e.g., shut off lights when leaving a room.
• B)A restaurant's decision to increase the number of patrons it can accommodate by adding on a new dining room.
• C)A trucking firm's decision to move to a smaller facility.
• D)A university's decision to add a new residence hall.

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Definitions:

NLRA

The National Labor Relations Act, a foundational piece of United States legislation that protects the rights of employees to organize and to bargain collectively with their employers.

Legal Interpretation

The process of determining the meaning and implications of statutes, regulations, legal precedents, and contractual agreements.

Bargaining Unit

A group of employees with a clear and identifiable community of interests, recognized by an employer or by law as appropriate for collective bargaining.

Union Representation

The act of a union acting on behalf of its members in negotiations and interactions with employers.