Which statement is true?
A)Shutting down is a long run option.
B)Going out of business is a short run option.
C)Continuing to operate is a short run option.

Question

Quizplus · Accepted Answer

Continuing to operate is a short run option because it involves maintaining the business operations in the present market conditions without making any significant changes in the long term. Shutting down and going out of business are both long run options as they involve a more permanent cessation of business activities.

Which Statement Is True