Use the Information Below to Answer the Following Question

question 100

Multiple Choice

Use the information below to answer the following question.
Fact 11.1.2 A Bakery on the Rise
Some 500 customers a day line up to buy Avalon's breads, scones, muffins, and coffee. Staffing and management are worries. Avalon now employs 35 and plans to hire 15 more. Its payroll will climb by 30 percent to 40 percent. The new CEO has executed an ambitious agenda that includes the move to a larger space, which will increase the rent from $3,500 to $10,000 a month.
Source: Fortune, April 14, 2008
-Refer to Fact 11.1.2. Avalon's decision to ________ is a short-run decision. Avalon's decision to ________ is a long-run decision.

• A)serve 500 customers a day; hire 15 more people
• B)move to a larger space; hire 15 more people
• C)hire 15 more people; serve 500 customers a day
• D)hire 15 more people; move to a larger space
• E)pay more for rent; have a larger payroll

Understand the Phillips curve and its implications for the trade-off between inflation and unemployment.

Understand the distinction between informational and normative social influences.

Grasp the concept of group norms and how they are established.

Recognize how group size and presence of dissenting voices impact conformity.

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Definitions:

Memorized Presentation

A presentation method where the speaker commits the entire speech to memory, delivering it without the use of notes.

Establish Rapport

The process of building a positive or harmonious relationship with someone, which is based on understanding, trust, and respect.

Varied Vocabulary

The use of a wide range of words and phrases to enhance the richness and clarity of communication.

Bad News

Information that is unwelcome, disappointing, or distressing to the recipient.