All of the Following Are Assumptions of the Industrial Organization

question 123

Multiple Choice

All of the following are assumptions of the industrial organization (I/O) model EXCEPT:

• A) organizational decision makers are rational and committed to acting in the firm's best interests.
• B) resources to implement strategies are firm-specific and attached to firms over the long-term.
• C) the external environment is assumed to impose pressures and constraints that determine the strategies that result in above-average returns.
• D) every firm in an industry controls similar strategically relevant resources.

---

Definitions:

Defamation

The act of damaging someone's reputation by making false and harmful statements.

Falsity

Relates to the quality or state of being false or untrue.

Conversion

Any distinct act of dominion wrongfully exerted over another’s personal property in denial of or inconsistent with his rights therein. That tort committed by a person who deals with chattels not belonging to him in a manner that is inconsistent with the ownership of the lawful owner.

Defendant

An individual, company, or institution being sued or accused in a court of law.