Core Competencies Are the Firm's Assets That Are Unique and Difficult

question 15

True/False

Core competencies are the firm's assets that are unique and difficult to replicate.

---

Definitions:

Generally Accepted Accounting Principles

A framework of accounting standards, principles, and procedures that companies must adhere to when compiling their financial statements, primarily in the United States.

Verbal Commitment

An agreement or promise spoken rather than written, relying on the honor of the parties for its fulfillment.

Contract Is Signed

The formal agreement between parties becomes legally binding when all necessary signatures are affixed to the document.

Cash Flow From Assets

The total amount of money being transferred into and out of a company's assets, indicating the company's financial health and operational efficiency.