Which of the Following Is NOT a Characteristic of a Strong

question 67

Multiple Choice

Which of the following is NOT a characteristic of a strong competitive advantage?

• A)It is driven by customer needs and wants.
• B)It is soon copied by competitors.
• C)It matches the organization's unique resources with external opportunities.
• D)It provides a basis for further improvement.

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Definitions:

Discount on Bonds Payable

The difference when a bond is issued for less than its face value, which affects the interest expense over the bond's life.

Par Value

The face value of a bond or stock, representing the amount that will be returned to the holder at maturity, often used as a legal face value for stocks.

Installment Note

A debt instrument that requires a series of periodic payments of both principal and interest until the debt is paid in full.

Journal Entry

A record in the books of accounts that documents a financial transaction, showing the debit and credit effects.