________ Are the Competencies or Skills That a Firm Employs

question 1

Multiple Choice

________ are the competencies or skills that a firm employs to transform inputs into outputs.

• A) Tangible resources
• B) Reputational resources
• C) Organizational capabilities
• D) Intangible resources

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Definitions:

Account

A record that keeps track of financial transactions of a specific type or for a specific purpose within an organization.

General Ledger

A comprehensive record of all financial transactions that occur within a company, serving as the primary data source for the financial statements.

Financial Statements

Structured reports that detail the financial activities and conditions of a business, including balance sheet, income statement, and cash flow statement.

Balance Sheet Accounts

Accounts displayed on the balance sheet that represent the company's assets, liabilities, and ownership equity at a specific point in time.