Resources Are Best Described as

question 26

Multiple Choice

Resources are best described as

• A)those basic inputs that a firm uses to conduct its business.
• B)only those features that are visible and easy to quantify.
• C)the firm's lending capacity.
• D)capabilities that can be exploited.

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Definitions:

Scope of Employment

The range of activities and duties an employee is expected to perform as part of their job, as defined by their contract or role description.

Respondeat Superior

A legal doctrine that holds employers or principals liable for the actions of their employees or agents conducted within the scope of their employment or agency.

Indemnification

A provision where one party agrees to compensate another for any loss or damage incurred, often seen in contracts.

Substantial Departure

A significant deviation or movement away from a previously set course or standard, often used in legal or regulatory contexts.