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:

Availability Sampling

A non-probability sampling technique where samples are selected based on their availability or ease of access.

Probability Sampling

A sampling method in which every member of the population has a known, non-zero chance of being selected.

Sampling Technique

The method or process used to select samples from a population for research purposes.

Judgmental Sampling

A sampling technique where the researcher selects sample members based on their own judgment about which ones will be most representative or informative.