Which of the Following Statements About the Sources of Competitive

question 84

Multiple Choice

Which of the following statements about the sources of competitive advantage is true?

• A) The best managers and companies deliver all five competitive advantages.
• B) Managing the sources of competitive advantage is a zero-sum game where one source improves at the expense of the other.
• C) It is possible to compete without cutting costs and offering attractive prices.
• D) Outsourcing certain functions is likely to decrease innovation.
• E) The faster the product is provided the more innovation suffers.

Calculate the total wage bill for a given number of workers and wage rate.

Apply the concept of Marginal Physical Product (MPP) and its role in determining labor demand.

Fill in economic tables related to labor, output, and revenue to analyze labor market decisions.

Understand and apply the concept of Marginal Revenue Product of Land, Labor, and Capital to make hiring decisions.

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Definitions:

Direct Method

A cash flow statement preparation technique that lists all major operating cash receipts and payments for the period.

Bonds

Financial securities that represent a loan made by an investor to a borrower, typically corporate or governmental.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation and a claim on part of the company’s profits.

Cash Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, to its shareholders in the form of cash.