Which of the Following Is an Example of an Ownership-Specific

question 95

Multiple Choice

Which of the following is an example of an ownership-specific advantage?

• A) the physical assets owned by a firm
• B) natural resources of the region where the firm operates
• C) low-cost labor
• D) inexpensive capital

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Definitions:

Direct Observation

The method of gathering data through immediate, firsthand experience and observation in a natural or control setting.

Reasoning

The process of thinking about something in a logical way to form a conclusion or judgment.

Knowledge

Information, understanding, or skill that one gains through experience or education.

Premises

Statements or propositions from which another is inferred or follows as a conclusion.