Empirical Research Shows That Proportion of Inter-Firm Differences in Profitability

question 58

Multiple Choice

Empirical research shows that proportion of inter-firm differences in profitability that industry factors explain is:

• A)More than 75%
• B)About half
• C)Less than 25%
• D)The question is unanswerable because "industry" is a meaningless concept.

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Definitions:

Revolution

A fundamental and often sudden change in political power and political organization, usually occurring when the population revolts against current authorities.

Owen

Robert Owen was a Welsh textile manufacturer, philanthropic social reformer, and one of the founders of utopian socialism and the cooperative movement.

Communitarianism

Social reform movement of the nineteenth century driven by the belief that by establishing small communities based on common ownership of property, a less competitive and more individualistic society could be developed.

Workers

Individuals engaged in manual labor or work for wages in a variety of fields, often considered the backbone of the economy; the term may refer to both skilled and unskilled labor.