In the Mid-1980s,the Salaries of Accounting Professors with Ph

question 84

Multiple Choice

In the mid-1980s,the salaries of accounting professors with Ph.D.s increased dramatically.This resulted in an increase in enrollments in Ph.D.accounting programs.Since a Ph.D.degree in accounting may take at least four years to complete,the short-run elasticity of supply of accounting professors is

• A) greater than the long-run-elasticity of supply.
• B) less than the long-run elasticity of supply.
• C) equal to the long-run elasticity of supply.
• D) equal to the short-run elasticity of demand.

---

Definitions:

Statistical Technique

A method derived from mathematics and used for analyzing and interpreting data, allowing for the determination of patterns, trends, and relationships.

HR Examining

The process by which Human Resources departments assess and evaluate the health, policies, and practices of their organization's HR functions.

Competitive Advantage

A scenario or variable that positions a business more favorably or advantageously in relation to its competitors.

Resource-Based View

A managerial framework used to determine the strategic resources available to a company for gaining a competitive advantage.