Match the Following

question 163

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Firm does as little as possible in the area of social responsibility

• A)Proactive stance
• B)Defensive stance
• C)Obstructionist stance
• D)Accommodative stance

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Definitions:

Normal Profit

The minimum level of earnings needed for a company to remain in business, often considered as the company's opportunity cost.

Break Even

The juncture where the aggregate of all costs matches the total income, leading to neither a profit nor a loss.

Short Run

A period of time during which at least one of a firm's inputs is fixed.

Long Run

A period in which all factors of production and costs are variable, allowing firms to adjust all inputs and achieve optimal operation.