Which of the Following Statements Is Correct Regarding a Firm's

question 261

Multiple Choice

Which of the following statements is correct regarding a firm's decision-making?

• A)The decision to shut down and the decision to exit are both short-run decisions.
• B)The decision to shut down and the decision to exit are both long-run decisions.
• C)The decision to shut down is a short-run decision, whereas the decision to exit is a long-run decision.
• D)The decision to exit is a short-run decision, whereas the decision to shut down is a long-run decision.

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Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public, focusing on ethical, environmental, and philanthropic considerations.

Accommodation

The process of adapting or adjusting to someone or something; in lodging, it refers to a place where people can live, stay, or work.

Corporate Social Responsibility

Ethical practices in business aimed at contributing positively to the society and environment, while considering the impacts of the company's operations on all stakeholders.

Instrumental Values

Core beliefs that dictate how we ought to behave or the means to achieve desired ends.