Which of the Following Is the Best Example of a Short-Run

question 183

Multiple Choice

Which of the following is the best example of a short-run adjustment?

• A) A local bakery purchases another commercial oven as part of its capacity expansion.
• B) Your local Wal-Mart hires two more associates.
• C) Smith University completed negotiations to acquire a large piece of land to build its new library.
• D) Toyota builds a new assembly plant in Texas.

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Definitions:

Communication

The process of transferring information, ideas, and feelings from one entity or group to another through various means.

Gender-Typing

The process by which children learn and adopt the behaviors, values, and attributes of a gender role considered appropriate in their culture.

Cognitive Developmental

Relates to the study of how thought processes and mental operations evolve from infancy through adulthood.

Socialization

The process through which individuals learn and internalize the values, behaviors, and norms of their society or cultural group, shaping their personalities and social behavior.