The Difference Between a Resource and a Capability Is

question 102

Multiple Choice

The difference between a resource and a capability is

• A) a resource is a productive input or competitive asset, whereas a capability is the capacity of the firm to perform some internal activity competently.
• B) a resource is a reserve supply or back-up supply function, whereas a capability is the ability to manage the resource function.
• C) a resource is a mechanism used for carrying out some responsibility, whereas a capability possesses the ability to monitor the resource.
• D) a resource represents the firm's fixed assets, whereas a capability defines whether the firm is competent to perform some function with these assets.
• E) a resource represents the firm's human assets, whereas a capability defines the skills and knowledge of these human resources.

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Definitions:

IS Environment

Information Systems Environment, referring to the overall conditions and elements that affect how information systems are designed, implemented, and used within an organization.

IT Steering Committee

A committee composed of a group of managers and staff representing various organizational units that is set up to establish IT priorities and to ensure that the MIS function is meeting the needs of the enterprise.

MIS Function

The role of Management Information Systems in processing data to provide information for decision-making.

Corporate Strategy

The approach and actions a company takes to achieve its business goals and to secure a competitive position in the market.