Which of the Following Is False About Short-Run and Long-Run

question 165

Multiple Choice

Which of the following is false about short-run and long-run pricing decisions?

• A)Short-run decisions include pricing for a special order with no long-term implications.
• B)Short-run decisions typically have a time horizon of six months or less.
• C)Long-run decisions include pricing a main product in a major market.
• D)Long-run decisions include pricing for a special order with no short-term implications.

---

Definitions:

Causal Inferences

Conclusions about cause-and-effect relationships, often deduced from the manipulation of variables in experimental designs.

Internal Validity

The extent to which the results of a study can be attributed to the variables under investigation rather than to other extraneous factors.

Quantitative Designs

Research strategies that focus on numerical data, statistical analysis, and the objective quantification of variables.

Qualitative Designs

Are research strategies focusing on descriptive, non-numerical data to understand concepts, thoughts, or experiences.