According to the Resource-Based View of Organizations, a Firm's Resources

question 83

True/False

According to the resource-based view of organizations, a firm's resources do not include resources related to organizational behavior, such as the knowledge, ability, and wisdom of the workforce.

Understand the dynamic influence of early childhood experiences on later adult attachments and relationship selections.

Understand the economic and managerial implications of outsourcing.

Identify factors leading to trade deficits and their consequences.

Comprehend the concepts of absolute and comparative advantages.

---

Definitions:

Expense Account

An account used to track expenditures associated with business operations, often related to employee travel or business activities.

Asset Account

An account recorded on the balance sheet that represents items of value owned by a company, such as cash, inventory, buildings, and equipment.

Straight-line Method

A method of calculating depreciation by uniformly distributing the cost of an asset minus its salvage value over its useful life.

Gain on Sale

The financial benefit that occurs when the selling price of an asset exceeds its original purchase price.