Which of the Following Is an Advantage for a Firm

question 51

Multiple Choice

Which of the following is an advantage for a firm that buys component parts from independent suppliers?

• A) It makes planning, coordination, and scheduling of adjacent processes easier.
• B) It protects a firms proprietary production technology.
• C) It facilitates investments in highly specialized assets.
• D) It allows a firm to maintain its flexibility by switching orders between suppliers.
• E) It provides the opportunity to build dynamic capabilities in production activities.

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Definitions:

F-test

A statistical test used to compare the variances of two populations and is based on the F-distribution.

One-tailed Test

A statistical hypothesis test in which the region of rejection is on only one side of the sampling distribution.

Population Variances

The squared deviation of a set of values in a population from their mean, representing the dispersion within the population.

Equality

A concept referring to the state or quality of being equal, indicating that two or more entities are the same in quantity, size, degree, or value.