When the Knowledge,skills,and Abilities of a Firm's Human Resources Are

question 60

Multiple Choice

When the knowledge,skills,and abilities of a firm's human resources are not equally available to competitors,these resources are known as:

• A) difficult to imitate.
• B) valuable.
• C) organized.
• D) rare.

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Definitions:

Monte Carlo

Monte Carlo methods are a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results and estimate uncertain quantities.

Sample Space

The set of all possible outcomes of a statistical experiment.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Simple Events

Events that consist of a single outcome or occurrence, making them one of the most basic types of probabilistic events.