Which of the Following Describes a Situation in Which Firms

question 44

Multiple Choice

Which of the following describes a situation in which firms acquire resources at a low cost, laying the foundation for a competitive advantage later?

• A) better expectations of future resource value
• B) path dependence affecting current decisions
• C) causal ambiguity
• D) social complexity

---

Definitions:

Database

A structured set of data held in a computer or server, accessible in various ways, used to store and manage information systematically.

Workforce Diversity

The inclusion of individuals from various backgrounds, cultures, ages, genders, and abilities in the workplace.

Respecting Differences

Acknowledging and valuing the diversity of others' ideas, perspectives, and characteristics in a considerate and nonjudgmental manner.

Individual Differences

Variations among individuals in their physical and psychological traits, which influence their behavior and experiences.