Ajax Corporation Has Recently Finished Building a New Factory

question 184

Multiple Choice

Ajax Corporation has recently finished building a new factory. They moved into the factory a month ago and found that it is the perfect size given the amount they want to produce. Ajax is operating in the

• A) production time.
• B) corporation time.
• C) long run.
• D) short run.

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Definitions:

Reasonableness

A standard of fairness, appropriateness, and rationality often used in legal and ethical judgments.

Goodwill

An intangible asset reflecting the value of a company's brand, customer relations, employee morale, and other non-physical assets.

Enforce

To compel observance of or obedience to a law, rule, or obligation.

Negotiated Clause

A provision in a contract that has been specifically discussed and agreed upon by all parties involved.