A Variable Input Is an Input That Can Change

question 67

Multiple Choice

A variable input is an input that can change

• A)in the short run but not in the long run.
• B)in the long run but not in the short run.
• C)in both the long run and the short run.
• D)without changing the level of output.

---

Definitions:

External Factors

Influences that impact a business or its operations that originate outside of the company, including economic, social, political, and technological factors.

Responsiveness

The speed and quality of a reaction to inputs, changes, or customer needs.

Assessment Measures

Assessment measures are tools or methods used to evaluate the performance, quality, or efficacy of a product, procedure, or individual's knowledge and skills.

Puffery

Describes exaggerated or false praise in advertising that is not meant to be taken literally, typically used to promote products or services.