Which of the Following Is NOT a Characteristic That Describes

question 92

Multiple Choice

Which of the following is NOT a characteristic that describes the most competitive companies in America?

• A) Divestiture is essential to growth.
• B) Hire and retain the best employees and managers possible.
• C) Continually adapt, innovate, improve-especially when the firm is successful.
• D) Strive to stay cost-competitive on a global basis.
• E) Whether it's broke or not, fix it.

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Definitions:

Comparative Advantage

The ability of an individual or group to produce a good or service at a lower opportunity cost than others, leading to more efficient trade possibilities.

Production Possibility

A graph showing the highest possible production levels of two items, using a specific combination of resources and various factors.

Opportunity Costs

Making a choice results in the loss of potential profit that could have been earned from choosing differently.

Increasing Opportunity

In economic terms, refers to the increasing cost associated with producing additional units of a good, implying that producing more of one good requires sacrificing increasingly larger amounts of another good.