________ Are Barriers to Imitation That Prevent Rivals from Competing

question 5

Multiple Choice

________ are barriers to imitation that prevent rivals from competing away the advantage a firm may enjoy.

• A) Embargoes
• B) Cartel arrangements
• C) Isolating mechanisms
• D) Market niches

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Definitions:

Derivative Suit

A lawsuit brought by shareholders on behalf of the corporation.

Direct Injury

A physical or emotional harm caused directly by an incident or action without intermediate steps.

Quorum

The minimum number of members who must be present at a meeting to make the proceedings of that meeting valid.

Directors

Individuals elected by shareholders to manage and oversee the affairs of a corporation, forming its board.