Choose the Correct Statement

question 35

Multiple Choice

Choose the correct statement.

• A)The long run is a period of time in which the quantity of at least one input is fixed.
• B)The short run is a period of time in which the firm has sufficient time to change all its inputs.
• C)The long run is a time frame that lasts for 10 years.
• D)In the short run,the firm's plant is fixed.
• E)A firm always has plenty of time to make decisions about changing its inputs no matter if it is in a short run or long run position.

---

Definitions:

Impoverished Manager

A leadership style characterized by minimal effort in both managing relationships and work obligations, often resulting in poor team performance.

Transformational Leader

A leader who inspires change and motivates followers to exceed their own interests for the good of the group or organization.

Paternalistic Father-knows-best

A leadership or management style where decision-making is guided by a belief in the leaders' superior knowledge and experience, similar to a father's role in a family.

Opportunistic

Refers to an approach or action taken with the aim of exploiting situations to one's advantage, often with little regard for principles or consequences.