According to the resource-based view, a firm that differentiates itself from its competitors through its personalized approach to customer service is likely to sustain its competitive advantage for a long time.
Answer the following statement true (T) or false (F)
True
Resource immobility, or the idea that differences in resources and capabilities are difficult to replicate and can last a long time, is one of the two critical assumptions of the resource-based view of the firm.
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When attempting to identify the economic characteristics of the industry in which a particular firm participates an analyst might ask which of the following questions?
a. Does technological change play an important role in the firm maintaining a competitive advantage? b. Has the firm diversified across several geographic markets? c. Has the firm recognized revenues at the proper time? d. Has the firm structured transactions to make it look more profitable than economic conditions suggest?
Which of the following is associated with a deontological or rules-based view of ethics?
a) The greatest good for the greatest number b) Human beings have fundamental rights c) Utilitarianism d) Maximizing the utility for everyone involved.
In the case of Denney v. Reppert the court allowed the employees of a bank to collect a reward, because they supplied information that led to the arrest and conviction of a bank robber
a. True b. False Indicate whether the statement is true or false
The journal entry to open a new petty cash fund includes a debit to the Petty Cash account and a credit to the Cash account
Indicate whether the statement is true or false