The Short Run Is

question 187

Multiple Choice

The short run is

• A) less than one year.
• B) the time frame in which all resources are fixed.
• C) the time frame in which some resources are fixed.
• D) the time frame in which output is fixed.
• E) a time frame short enough so that some costs are explicit costs.

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Definitions:

Outstanding Shares

The total number of shares of stock that have been issued and are currently held by investors, including public shareholders and company insiders.

Cash Dividends

Payments made by a corporation to its shareholders from profits in the form of cash.

Journal Entries

The recording of financial transactions into the general ledger, detailing the accounts affected, amounts, and dates, which forms the basis of the accounting system.

Trading Securities

Financial instruments bought and held primarily for selling them in the short term to profit from their price changes, recorded as current assets on the balance sheet.