Gateway Corporation Developed a New Form of Technology for Which

question 90

Multiple Choice

Gateway Corporation developed a new form of technology for which they hold a patent. This technology allowed them to significantly reduce the cost of production on their major product line. This resource is

• A) simple.
• B) complex.
• C) inimitable.
• D) hypothetical.
• E) substitutable.

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Definitions:

Expended Effort

The amount of energy, time, or resources utilized to achieve a result or complete a task.

Self-serving Bias

The common tendency to attribute our successes to internal factors while attributing failures to external ones.

Attribution Style

A concept in psychology that refers to how individuals explain the causes of behavior and events, often categorized into internal (dispositional) or external (situational) attributions.

Fundamental Attribution Error

A cognitive bias that involves overestimating the effect of personality and underestimating the influence of situational factors when explaining others' actions.