According to the Textbook, Which of the Following Statements Is

question 12

Multiple Choice

According to the textbook, which of the following statements is accurate regarding the importance of industry versus firm-specific factors as it pertains to firm profitability?

• A) Virtually all the studies have concluded that industry-specific factors are more important than firm-specific factors.
• B) Virtually all the studies have concluded that firm-specific factors are more important than industry-specific factors.
• C) Virtually all the studies have concluded that industry-specific factors are of almost no importance.
• D) Virtually all the studies have concluded that firm-specific factors are of almost no importance.
• E) Virtually all the studies have concluded that firm-specific factors and industry-specific factors are of equal importance.

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Definitions:

Freedom To Choose

The ability or right of individuals and groups to make their own choices, particularly in matters affecting their lives, without undue external pressure or constraint.

Voluntary Responses

Behaviors that are the result of conscious decision making, contrasting with automatic or reflexive actions.

Thorndike

An American psychologist known for his work in educational psychology and the theory of learning based on the principle of reinforcement.

Taste Aversions

A learned negative reaction to a particular taste after it has been associated with illness or discomfort, demonstrating a form of classical conditioning.