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.

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Definitions:

Compensation

The total amount of the monetary and non-monetary pay provided to an employee for work performed, including wages, benefits, bonuses, and incentives.

Job Design

The process of assigning tasks to a job, including the interdependence of those tasks with other jobs.

Business Strategy Execution

The implementation of plans and initiatives undertaken by a business to achieve its long-term goals and maintain competitive advantage.

Organizational Structure

The system of hierarchy and arrangement of work roles, responsibilities, and communications within an organization.