If Employees' Skills Are Idiosyncratic and Rare (A Source of Resource-Based

question 16

True/False

If employees' skills are idiosyncratic and rare (a source of resource-based advantage), they will lack bargaining power because the cost of replacing them is low for the firm.

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Definitions:

Mean

The arithmetic average of a set of numbers, calculated by adding all the numbers and dividing by the count.

Standard Normal Curve

A bell-shaped curve that is symmetric about the mean, showing the distribution of a standard normal variable where the mean is zero and the standard deviation is one.

Z-score

A statistic that measures the distance of a single data point from the mean, expressed in units of standard deviation.

Percentile

A statistical measure indicating the value below which a given percentage of observations in a group falls.