From a Customer's Point of View, for an Organization's Capability

question 35

Multiple Choice

From a customer's point of view, for an organization's capability to be a core competence, it must be:

• A) inimitable and unique.
• B) valuable and unique.
• C) inimitable and nonsubstitutable.
• D) valuable and nonsubstitutable.

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Definitions:

Initial Recognition

The first accounting entry for an asset or liability, marking its introduction in the financial statements at its fair value.

Financier Lessor

An entity engaged in the business of leasing out assets, typically providing the finance to purchase the asset which is then leased to the user.

Lease Receivable

An asset representing the right to receive future lease payments from lessees under lease agreements, reflecting the value of the asset leased out.

Operating Leases

Leases in which the lessee obtains the right to use an asset for a short period of time, without assuming the risks and rewards of ownership.