Path Dependency Has No Impact on the Inimitability of Resources

question 106

True/False

Path dependency has no impact on the inimitability of resources.

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Definitions:

Primarily Liable

The condition of being initially and directly responsible for fulfilling an obligation or debt, without shifting that responsibility to another party.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee's name mentioned.

UCC

Uniform Commercial Code; a set of laws that govern commercial transactions in the United States.

Transfer Warranty

Guarantees made by the seller about the quality and title of goods being sold, ensuring they are free from any claims and encumbrances.