To the Extent That a Firm's Resources and Capabilities Enhance

question 6

Multiple Choice

To the extent that a firm's resources and capabilities enhance a firm's competitive position by enabling a firm to exploit its opportunities or neutralize its threats, these resources and capabilities are valuable and are known as

• A) temporary competitive advantages.
• B) sustainable competitive advantages.
• C) core competencies.
• D) strengths.

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Definitions:

Failure to File

The failure of an individual or business to submit their tax return by the due date, which can result in penalties and interest charges.

Qualifying Widow(er)

A tax filing status allowing a widowed spouse to use married filing jointly tax rates for up to two years after the year of their spouse's death, provided they have a dependent child.

Qualifying Child

A dependent who meets specific IRS criteria regarding relationship, age, residency, and support, which allows the taxpayer to claim certain tax benefits.

Tax Return

A document filed with a tax authority that reports income, expenses, and other pertinent tax information.