Crystal Tech Inc.'s competency in designing and manufacturing efficient microprocessors has made its laptops the most advanced computers in the market. This competency, along with the just-in-time manufacturing system, has enabled Crystal Tech Inc. to increase its profitability by lowering its production costs. Thus, Crystal's competency in designing and manufacturing microprocessors will be considered a(n) ________ resource in the VRIO framework.
A. imitable
B. valuable
C. substitute
D. organized
Answer: B
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Which of the following statements is true of the employment at will doctrine?
A. It has been reinforced in the past 50 years by statutes such as Title VII, the National Labor Relations Act, and the Age Discrimination in Employment Act. B. It gives workers the right to organize and bargain collectively. C. It requires certain reports to the secretary of labor that should disclose a great deal about the financial situation of the union. D. It is based on the laissez-faire values of the 19th century, for it leaves both the employer and employee with maximum freedom.
_____ are economic resources with the potential to provide future economic benefits to a firm
a. Revenues b. Expenses c. Liabilities d. Assets e. Shareholder Equity
Which of the following is NOT a condition for small and medium businesses to flourish in a country?
a. Entrepreneurship education b. Support from government c. Cultural and social norms d. Large population size
Explain how the U.S. Supreme Court determines whether a punitive damages award is so excessive as to violate the due process. How did it clarify this in the State Farm v. Campbell case?
What will be an ideal response?