Human capital includes
A. the relationships between people.
B. the output from assembly line employees.
C. an improved product.
D. an individual's capabilities, knowledge, and skills.
Answer: D
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Value chain analysis distinguishes between primary activities and support activities
Indicate whether the statement is true or false
In markets characterized by technological unpredictability, the vendor assumes control over customization because:
a. industry products are more modular b. customers don't want to invest in knowledge that will soon become obsolete c. vendors have more resources d. and and b only e. a, b and c
A company should choose a depreciation method that:
A) best allocates the original cost of the asset to the periods benefited by the use of the asset. B) saves the most taxes by generating the highest amount of expense and decreasing the net income. C) generates the most conservative estimate of the depreciation expense for the period. D) shows the highest amount of net income.
The legality of nonprice vertical restraints of trade under Section 1 of the Sherman Act is examined by applying the ________
A) Colgate doctrine B) Noerr doctrine C) per se rule D) rule of reason