Resources and Capabilities That Are Valuable, Rare, and Costly to Imitate

question 98

Multiple Choice

Resources and capabilities that are valuable, rare, and costly to imitate are best described as

• A) distinctive competencies.
• B) entry barriers.
• C) complementary resources and capabilities.
• D) sustainable distinctive competencies.

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Definitions:

Standard Cost Data

Predetermined costs for materials, labor, and overhead that are used to measure and control actual production costs.

Capacity Percentage

A measure of the amount of productive capacity being used by a facility or entity, often expressed as a percentage.

Activity Level

In management accounting, this refers to the amount of production or the volume of services to be provided. It's often used in budgeting and to measure performance.

Flexible Budget Performance Report

A report that compares the actual performance against a budget that adjusts based on the level of activity.