In 2008, Precision Pattern Interiors, Which Makes High-End Aircraft Interiors

question 434

Multiple Choice

In 2008, Precision Pattern Interiors, which makes high-end aircraft interiors, began a $1 million renovation of a building at the Hutchinson Air Base Industrial Tract south of Yoder, Kansas. The company will also add some $400,000 in new equipment and triple its Yoder work force. Which of Precision Pattern Interiors' decisions is a short run decision?

• A) triple its Yoder work force
• B) $1 million renovation of a building at the Hutchinson Air Base Industrial Tract
• C) $400,000 in new equipment purchases
• D) All of these decisions are short run decisions.

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Definitions:

Innovation

The process of creating new ideas, products, or methods that bring about significant improvements or changes.

Cognitive Dissonance

A psychological discomfort experienced by an individual who holds conflicting beliefs, values, or attitudes simultaneously.

Internal Satisfaction

The level of contentment among employees within an organization, typically reflecting the workplace environment, culture, and rewards.

Sociology

The study of the development, structure, and functioning of human society and social relationships.