The Difference Between a Capability and a Competence Is

question 51

Multiple Choice

The difference between a capability and a competence is

• A)a competence is core to a firm's operations.
• B)a capability is necessary to survive, but a competence is essential to thrive.
• C)a competence is necessary to survive, but a capability is essential to thrive.
• D)no difference in this textbook where they are taken as interchangeable.

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Definitions:

U.S. Dollar

The official currency of the United States and a primary reserve currency used globally in international transactions.

Foreign Exchange

The trading of currencies on the forex market, allowing for the conversion of one currency into another.

Capital Account Balance

A part of a country's balance of payments that records all transactions involving the purchase or sale of assets.

Current Account Balance

The current account balance is a country's trade balance plus net income and direct payments between it and other countries, indicating a nation's foreign trade and financial status.