For each of the following decisions determine whether the manager is in
-A university president decides to build three new classroom buildings to cope with an expected increase in students.
A) short run
B) long run

Question

For each of the following decisions determine whether the manager is in 
-A university president decides to build three new classroom buildings to cope with an expected increase in students.
A) short run
B) long run

Quizplus · Accepted Answer

Building three new classroom buildings is a long-run decision because it involves planning and investment that will affect the university over a long period of time, and it cannot be easily or quickly reversed.

For Each of the Following Decisions Determine Whether the Manager