Economists Class the Short Run as the Time Period

question 82

Multiple Choice

Economists class the short run as the time period:

• A) up to three years
• B) up to six months
• C) up to three months
• D) it takes for a firm to adjust its production facilities

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Definitions:

Organizational Behaviour

Organizational behaviour is the study of how people interact within groups and organizations, and how this behavior affects the performance, structure, and culture of the organization.

Human Resources Management

The strategic approach to the effective management of people in an organization to help the business gain a competitive advantage.

Evidence-Based Management

An approach to managerial decision making and organizational practices that is informed by the best available evidence.

Evidence-Based Management

The practice of making managerial decisions based on the best available scientific evidence to enhance outcomes.