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Capabilities of an Organization Emerge Over Time Through Complex Interactions

question 36

True/False

Capabilities of an organization emerge over time through complex interactions between and among tangible and intangible resources.


Definitions:

Management

involves the activities of setting the strategy of an organization and coordinating the efforts of its employees or volunteers to achieve its objectives.

Withdrawals

The act of taking out funds from a bank account or the removal of assets from a business by the owner for personal use.

Owner's Equity

Represents the share of the company's assets that belongs to the owners after all debts have been paid.

Cash

Cash refers to money in the form of currency, including coins and banknotes, that can be used immediately for transactions.

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