According to the Resource-Based View, Companies Build and Sustain Competitive

question 6

Multiple Choice

According to the resource-based view, companies build and sustain competitive advantage by developing appropriate

• A)Human resource management
• B)Career structures encouraging employees to remain loyal
• C)A future-oriented view of resource needs
• D)Core competencies
• E)Long-term staffing strategies

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Definitions:

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Assets

Economic resources controlled or owned by a business or individual from which future economic benefits are expected to flow.

Statement of Cash Flows

A fiscal report that demonstrates the consequences of shifts in balance sheet accounts and income on cash and cash equivalents, organizing the analysis into operations related to investing, financing, and operating activities.

Investing Transactions

Financial activities related to the purchase and sale of long-term assets or investments.