Competitive Advantages Are Best Defined as the ________

question 23

Multiple Choice

Competitive advantages are best defined as the ________.

• A) strengths and weaknesses of a firm
• B) unique skills of a firm's employees
• C) technology developed by a firm
• D) improvements made by a firm

---

Definitions:

Straight-line Depreciation Rate

The straight-line depreciation rate is a method of calculating the depreciation of an asset, where its cost is evenly spread over its useful life, resulting in a fixed annual depreciation expense.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Total Asset Cost

The sum of all costs incurred to acquire an asset and make it ready for its intended use.

Depreciation Expense

Depreciation expense is the allocation of the cost of a tangible asset over its service life, reflecting the decrease in its value over time.