Which of the Following Best Defines Dynamic Capabilities

question 36

Multiple Choice

Which of the following best defines dynamic capabilities?

• A) An organisation's ability to develop and change competences to meet the needs of rapidly changing environments
• B) An organisation's ability to develop and change competences to meet the rapidly changing needs of customers
• C) An organisation's ability to maintain its position as the most cost efficient in its industry/sector
• D) An organisation's ability to develop and change its staff if they fail to meet the requirements of the managers

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Definitions:

Accrual Basis

An accounting method where revenue and expenses are recorded when earned or incurred, regardless of when cash transactions occur.

Expenditures

The action of spending funds or an amount of money spent on a particular purpose, product, or service.

Long-Term Solvency

The ability of an organization or business to meet its long-term financial obligations and continue operations into the future.

Asset Management

The systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner.