Which of the Following Best Defines Capabilities

question 53

Multiple Choice

Which of the following best defines capabilities?

• A) They are the tangible and intangible assets a firm uses to choose and implement its strategies.
• B) They are the difficulties that arise when trying to outsource work to a domestic firm.
• C) They refer to the socially complex ways of organizing typical of many firms.
• D) They refer to the difficulty of identifying the causal determinants of successful firm performance.

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Definitions:

Manufacturing Defect

A flaw or defect in a product that arises from a mistake in the manufacturing process, rendering it unsafe or unfit for its intended use.

Strict Liability

A legal principle where the defendant is liable for damages caused by their actions, regardless of fault or intent.

Privity Of Contract

The principle that contracts confer rights and impose obligations only on the parties actually agreeing to the terms.

Squirt Gun

A water-emitting toy designed for recreational purposes, often used in games and play.