A Capability or Skill That a Firm Emphasizes and Excels

question 59

Multiple Choice

A capability or skill that a firm emphasizes and excels in doing while in pursuit of its overall mission is called a

• A) Intangible asset
• B) core competence
• C) Capability
• D) Distinctive Competence

Explain the adoption and importance of checks and balances in the American government system.

Discuss the key issues and resolutions at the Constitutional Convention, particularly regarding the formation of the legislative branch.

Describe features and implications of plans proposed at the Constitutional Convention (Virginia Plan, New Jersey Plan).

Understand the policies and significance of the Northwest Ordinance of 1787.

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Definitions:

Availability Heuristic

An instinctive mental tactic that uses the nearest instances that surface in thought while considering a certain topic, theory, strategy, or judgment.

Base-Rate Information

Base-rate information refers to the statistical likelihood of an event or characteristic within a given population, used in decision-making processes.

Stroop Effect

A demonstration of cognitive interference where the brain's reaction time slows down when processing conflicting information, such as reading the word "green" printed in red color.

Algorithms

Procedures or formulas for solving problems, often used in mathematics and computer science to perform specific tasks or calculations.