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

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Definitions:

Preconceptions

Pre-existing ideas or biases formed before having evidence or detailed knowledge, often influencing perception and decision-making.

Intuition

Intuition involves understanding or knowing something instinctively, without the need for conscious reasoning.

Algorithms

A set of rules or procedures to be followed in calculations or problem-solving operations, often used by computers.

Overconfidence

A cognitive bias that causes someone to overestimate their abilities, performance, the level of control they have, or their level of knowledge.