Which of the Following Approaches to Assess Competitive Advantage Is

question 34

Multiple Choice

Which of the following approaches to assess competitive advantage is based on the view that noneconomic factors can have a significant impact on a firm's financial performance?

• A) the triple-bottom-line approach
• B) the economic value creation framework
• C) the accounting profitability approach
• D) the balanced-scorecard

---

Definitions:

Population Standard Deviation

A measure of the dispersion of a population's values from the mean, representing how spread out the population data are.

Confidence Interval

A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter with a specified level of confidence.

Mean

The central value of a dataset, calculated as the sum of all values divided by the total number of values.

Standard Error

Standard error measures the accuracy with which a sample represents a population, quantifying the variability of the sampling distribution of a statistic.