In an Unstructured Interview

question 477

Multiple Choice

In an unstructured interview,

• A)conversation is informal.
• B)information is obtained by asking a series of pre-planned questions.
• C)the interviewer determines what subjects are discussed.
• D)situational tests are employed.

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Definitions:

Short Run

A period in which at least one factor of production is fixed, limiting the ability of businesses to adjust to market conditions fully.

Marginal Revenue

The profit enhancement from selling one more unit of a product or service.

Marginal Cost

The increase in total cost that arises when the quantity produced is incremented by one unit.

Total Profits

The financial gain obtained after subtracting total costs from total revenue over a period.