NUCOR Is So Efficient in Its Steel Production and Casting

question 128

Multiple Choice

NUCOR is so efficient in its steel production and casting processes that it is the only United States steel producer that regularly exports its products directly to Japan. This is an example of NUCOR's

• A)competitive advantage.
• B)strategic opportunities.
• C)organizational capability.
• D)core competency.

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Definitions:

Recoverable Amount

The higher value between an asset's fair value minus costs of disposal and its value in use.

Carrying Amount

The amount at which an asset or liability is recognized on the balance sheet after deducting any accumulated depreciation, amortization, or impairment.

Fair Value

An estimate of the price at which an asset or liability would be traded between knowledgeable, willing parties in an arm's length transaction.

Costs To Sell

The direct costs attributable to the disposition of an asset, excluding finance costs and income taxes.