What Are the Two Options for a Firm That Is

question 87

Multiple Choice

What are the two options for a firm that is operating at a loss in the short run?

• A)To reduce output or reduce its variable costs.
• B)To go out of business or declare bankruptcy.
• C)To shut down temporarily or continue to produce.
• D)To adopt new technology or change the size of its physical plant.

---

Definitions:

Unemployment Statutes

Laws established to provide financial assistance to individuals who are unemployed through no fault of their own, aiming to stabilize the workforce and economy.

Workplace Safety

Practices and policies implemented to ensure the physical and psychological well-being of employees and visitors in a workplace.

Employer-Independent Contractor

A relationship characterized by the hiring party engaging a worker as an independent contractor rather than an employee, with less oversight and regulation.

Employment Discrimination

Unfair or unfavorable treatment of employees or job applicants based on race, color, religion, sex, national origin, age, disability, or genetic information.