Which of the Following Theories for Explaining a Firm's Competitiveness

question 82

Multiple Choice

Which of the following theories for explaining a firm's competitiveness contends that organizations are very limited in their ability to adapt to the conditions around them?

• A) Resource-based theory
• B) Enactment
• C) Transaction cost economics
• D) Environmental determinism
• E) Institutional theory

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Definitions:

Correcting Entries

Entries to correct errors made in recording transactions.

Salary Allowance

A predetermined amount paid to employees, which may be part of their salary package, often for specific purposes or expenses.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue, indicating the company's profitability.

Capital Balances

The amount of equity owned by investors or owners in a company or fund.