According to Warren Buffett, Which of the Following Is the Most

question 23

Multiple Choice

According to Warren Buffett, which of the following is the most important lesson on growth and profitability?

• A)Investors should have invested in the car industry in the early twentieth century.
• B)Investors should have invested in the aircraft manufacturing industry in the early twentieth century.
• C)One should look to invest in economically important sectors of the economy that have room for many firms.
• D)Understanding a firm's competitive advantage is more important than understanding the firm's growth rate or impact on society.

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Definitions:

Interviews

A formal discussion between an interviewer and an interviewee, commonly used in the hiring process, to assess the interviewee's qualifications and compatibility with the job.

Recruitment Process

is the series of steps organizations take to attract, screen, select, and onboard new employees effectively.

Job Description

A formal account of an employee's responsibilities, duties, and the qualifications needed for a specific job.

Selection

The process of identifying and choosing individuals from a group of applicants to fill job vacancies in an organization.