When a Company Has a Proficiency in Performing a Strategically

question 111

Multiple Choice

When a company has a proficiency in performing a strategically and competitively important value chain activity better than its rivals, it is said to have a

• A)company competence.
• B)core competence.
• C)distinctive competence.
• D)key value chain proficiency.
• E)competitive advantage over rivals.

Grasp foundational concepts in human resource planning and forecasting.

Comprehend how technology advances affect HR functions and data management.

Recognize the process and importance of developing HR objectives within organizations.

Understand methods and benefits of estimating future employment needs and internal supply of candidates.

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Definitions:

Generally Accepted Accounting Principles

The framework of guidelines for financial accounting that includes details on how accounting transactions should be reported.

Horizontal Analysis

A technique in financial analysis that compares line items in financial statements over a series of periods.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets, liabilities, and equity) in a balance sheet is represented as a proportion of the total account.

Inventory Turnover

A measure of the liquidity of inventory; computed by dividing cost of goods sold by average inventory.