Firms That Survive in the Long Run Are Usually Those

question 78

Multiple Choice

Firms that survive in the long run are usually those that

• A) become as large as possible.
• B) remain small.
• C) use more capital rather than more labor.
• D) earn the largest possible profit.

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Definitions:

Extravert

An individual who is outgoing and draws energy from being around other people, as opposed to solitude.

Evolutionary Approach

A perspective that explains psychological traits as adaptations shaped by natural selection.

Innovative Problem

A unique or novel challenge that requires creative and novel solutions, often pushing the boundaries of current knowledge and methods.

Openness To Experience

A personality trait characterized by a willingness to try new things, engage in imaginative activities, and embrace novel ideas.