In the Long Run,the Firm ________ Change the Number of Workers

question 199

Multiple Choice

In the long run,the firm ________ change the number of workers it employs and ________ change the size of its plant.

• A) can; can
• B) can; cannot
• C) cannot; can
• D) cannot; cannot
• E) In order to answer the question, more information is needed about how long the long run is.

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Definitions:

Sequential-random

A term used to describe processes or events that occur in a sequence but have unpredictable outcomes or orders.

Formal Mentoring Programs

Organization-sponsored programs in which seasoned employees are recruited as mentors and matched with protégés.

Informal Mentoring

A non-structured, personal guidance relationship that develops naturally between a more experienced individual and a less experienced individual, sharing insights and advice for personal or professional development.

Collective Socialization

The process by which a group of individuals acquires the values, norms, and behaviors that are necessary for participation in a particular society or organization.