A Financial Management Firm Has Existed for More Than 70

question 29

Multiple Choice

A financial management firm has existed for more than 70 years. Some of its original clients' grandchildren are now clients of the firm themselves. The partners and staff of the firm have spent most or all of their careers with the firm. Many have even married into each other's families. This firm has capabilities that would be costly to imitate because of its

• A) access to large amounts of financial capital.
• B) causally ambiguous core competencies.
• C) social complexity.
• D) unique historical conditions.

---

Definitions:

Hyperemia

An excess of blood in the vessels supplying an organ or other part of the body.

Induration

Hardening of a tissue, particularly the skin, because of edema or inflammation.

Blanching

A temporary whitening of the skin due to lack of blood flow, often used as a test for skin elasticity or capillary refill.

Transparent

Characterized by clarity and openness, allowing for visibility or understanding; often used figuratively to describe clear, honest communication.