Question 1 (Multiple Choice, Worth 5 points)

Which scenario best describes a long-term challenge and an effective strategy to manage it?

A. Drew is facing the end of the school year, and he has six Advanced Placement exams scheduled. He crafts a study plan for the remaining two months before the exams.
B. Fareed has just been diagnosed with type 2 diabetes, which he will battle for the rest of his life. He has consulted with a nutritionist to develop a diet plan to keep his blood glucose levels in the healthy range.
C. Maja is about to be a senior, and it's time to choose the best college at which to study her chosen major. She is researching various college programs.
D. Nicoletta has always dreamed of becoming a famous musician, but she is learning that playing an instrument professionally is very challenging. She is now researching careers in other industries.



Answer :

Final answer:

Long-run choices involve hiring a football coach and signing a 3-year lease, while short-run choices include hiring a dental hygienist, increasing water quantity, and restructuring production processes.


Explanation:

Long-run choices:

  1. Hiring a new football coach on a 3-year contract.
  2. Signing a 3-year lease for an office complex.

Short-run choices:

  1. Hiring a new part-time dental hygienist.
  2. Increasing the quantity of water applied to fields.
  3. Local oil refinery restructuring production processes.

Learn more about Long-run and short-run choices in decision-making here:

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