Which of the Following Statements Is False

question 57

Multiple Choice

Which of the following statements is false?

• A)Competitive advantage is based on some measurement such as cost, quality, or speed.
• B)Competitive advantage enables a company to function effectively within a market.
• C)Competitive advantage leads to higher-than-average profits.
• D)Competitive advantage requires the use of technology.
• E)Competitive advantage applies to companies of all sizes.

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Definitions:

Plant Assets

Long-term tangible assets used in the operation of a business that are not intended for resale, such as machinery, buildings, and land.

Recognized Immediately

Financial transactions or events are recorded as soon as they occur, without delay in the accounting period.

Real Estate Commissions

Fees paid to real estate agents for services in facilitating the buying or selling of real estate properties, usually a percentage of the sale price.

Closing Costs

Fees and expenses, excluding the purchase price, that are incurred during the process of transferring property ownership.