Assume a firm's resources and capabilities are costly to imitate. This is because rival companies do not clearly understand the relationship between the resources and capabilities controlled by the firm. In this case, the firm's competitive advantage is protected against imitation by
A. social complexity.
B. path dependence.
C. causal ambiguity.
D. dependence complexity.
Answer: C
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The management of Casablanca Manufacturing Corporation believes that machine-hours is an appropriate measure of activity for overhead cost. Shown below are machine-hours and total overhead costs for the past six months: Machine-Hours Overhead CostJan150,000 $339,000Feb140,000 $328,000Mar160,000 $350,000Apr130,000 $319,500May170,000 $362,500Jun200,000 $400,000 Assume that the relevant range includes all of the activity levels mentioned in this problem. If Casablanca expects to incur 185,000 machine hours next month, what will the estimated total overhead cost be using the high-low method? (Round your intermediate calculations to 2 decimal places.)
A. $359,750 B. $382,750 C. $381,700 D. $212,750
Which of the following valuation methods reflects current values?
a. acquisition cost b. present value of cash flows using historical interest rates c. net realizable value d. adjusted acquisition cost
The confidence interval for an average uses the standard deviation as the measure of variability
Indicate whether the statement is true or false
Lawsuits against a company in connection with an industrial accident would not be disclosed in the notes to the financial statements as a contingent liability until the lawsuits have been settled
Indicate whether the statement is true or false