Which of the Following Would NOT Be a Short-Run Decision

question 243

Multiple Choice

Which of the following would NOT be a short-run decision for the firm?

• A) Recall workers who were previously laid-off.
• B) Have labor work two hours overtime each day in order to expand output
• C) Build another wing on the plant in order to add a new assembly line.
• D) Place an order with a supplier for additional raw materials.

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Definitions:

Perceptual Error

A cognitive mistake that occurs when interpreting information about the environment, often leading to inaccuracies in judgment or understanding.

Supervisor

An individual in a position of authority who oversees and directs the work of other employees to ensure organizational goals are met.

Beauty Effect

A social phenomenon where individuals perceived as attractive are often given preferential treatment or are judged more favorably.

Rating Error

Mistakes or biases that can occur during the evaluation of employee performance, affecting the fairness and accuracy of appraisals.