State Whether the Following Decision Is a Short-Run or Long-Run

question 151

Short Answer

State whether the following decision is a short-run or long-run decision:
a.RIM is deciding whether or not to close its manufacturing plant in Waterloo.
b.The Bay hires additional seasonal workers during November and December.
c.LazyBoy furniture manufacturers close all manufacturing plants in Toronto and outsource their furniture production to manufacturing plants in India.
d.Bombardier Inc.purchases new equipment to replace depreciating equipment.
e.Suncor is deciding whether or not to lay-off heavy equipment operators

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for another.

Shipping Charge

A fee imposed by a carrier for the handling and transportation of goods from one location to another.

U.S. Dollars

The official currency of the United States, used as a standard unit of money and backed by the federal government.

Brazilian Real

The official currency of Brazil, symbolized as R$ and subdivided into 100 centavos.