The term shutdown
A)and the term exit both refer to short-run decisions that a firm might make.
B)and the term exit both refer to long-run decisions that a firm might make.
C)refers to a short-run decision that a firm might make, whereas the term exit refers to a long-run decision that a firm might make.
D)refers to a long-run decision that a firm might make, whereas the term exit refers to a short-run decision that a firm might make.

Question

Quizplus · Accepted Answer

Shutdown refers to a short-run decision to temporarily halt production or operation of a business, while exit refers to a long-run decision to permanently cease operations.

The Term Shutdown