A Core Competency Is Something a Firm Does Extremely Well

question 84

True/False

A core competency is something a firm does extremely well, sometimes so well that it gives the company an advantage over its competition.

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Definitions:

Unrecognised Share of Losses

Losses attributable to an investor’s share in an investee that are not reflected in the investor’s financial statements because they exceed the investor's interest in the investee’s equity.

Discontinued Use

Refers to the cessation of operations or production of a segment or unit within a business.

Equity Method

An accounting technique used to record an investor’s proportional share of an associate company’s earnings or losses on its financial statements.

Unrecognised Losses

Losses that have occurred but have not been officially recorded in the financial statements.