One Reason Executive Judgment Can Be a Particularly Important Source

question 13

Multiple Choice

One reason executive judgment can be a particularly important source of competitive advantage is that judgment:

• A) allows a firm to build a strong reputation.
• B) gains the loyalty of shareholders.
• C) increases human intellectual capacity.
• D) allows for superior bundling of resources.

---

Definitions:

Liquid Investments

Assets that can be easily converted into cash with minimal loss in value, ensuring quick accessibility of funds when needed.

Administrative Reason

A justification or explanation based on the requirements or procedures of management or bureaucracy.

Emergency Needs

Immediate financial requirements that arise unexpectedly, requiring quick access to funds.

Lock Boxes

A cash management service offered by banks involving the collection of payments from a corporation's customers, aiming to reduce the time it takes for companies to receive payments.