A Firm Always Has a Competitive Disadvantage When Its Return

question 24

Multiple Choice

A firm always has a competitive disadvantage when its return on invested capital is

• A) below the industry average.
• B) 2 percent or lower in a declining industry.
• C) about the same as its closest competitor.
• D) declining steadily over two or more years.

Recognize the ethical considerations and justice issues within group decision-making.

Analyze the factors leading to group polarization and risky shift phenomena.

Identify the presence and impact of biases in group decision-making.

Explain the concept of groupthink, its causes, and its symptoms.

---

Definitions:

Credit Terms

The conditions under which credit will be extended to a customer, including repayment schedule, interest rate, and the period of time that is allowed before payment is due.