The Term "Resource-Based Theory of the Firm" Means That

question 28

Multiple Choice

The term "resource-based theory of the firm" means that

• A)Organizations must strive to conserve natural resources
• B)Organizations are a bundle of resources, which includes employees that are used to take advantage of external opportunities.
• C)Achieving sustainability is part of the organizational mission
• D)An organization has sufficient financial resources to seek out and hire diverse people.

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Definitions:

Observation

The act of closely monitoring or noting phenomena as they occur naturally without interfering or manipulating the situation.

Experience

The process of gaining knowledge or skills through direct participation in events or activities.

Longitudinal Research

A study design that involves repeated observations of the same variables or groups over a period of time, often years or decades.

Romantic Qualities

Characteristics or attributes that are traditionally associated with romance, such as affection, compassion, and emotional intimacy.