A Competitively Valuable Resource or Capability Is a Company's

question 122

Multiple Choice

A competitively valuable resource or capability is a company's

• A)enabling foundation of its business model.
• B)equally valuable substitute resource providing a competitive advantage.
• C)assessment of the availability of superior substitutes.
• D)unsurpassed worker productivity and product quality.
• E)unique piecework incentive system, providing a competitive advantage.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.

Post-Closing Trial Balance

A listing of all balance sheet accounts with balances after closing entries are made, used to verify the equality of debits and credits.

Current Ratio

A financial metric comparing a company's current assets to its current liabilities to assess liquidity.

Short-Term Solvency

A company's ability to meet its short-term obligations, often assessed using liquidity ratios.