According to the Resource-Based View of Competitive Advantage, If a Firm

question 77

True/False

According to the resource-based view of competitive advantage, if a firm is to maintain sustainable competitive advantage, it must control a set of exploitable resources that are valuable and can be substituted easily.

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Definitions:

Adjusting Entry

Entries made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Accumulated Depreciation

The cumulative amount of depreciation expense recorded for an asset from the time it was purchased and deployed for use.

Depreciation Expense

An accounting method for allocating the cost of a tangible asset over its useful life, representing the asset's consumption.

Accrual Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash transaction occurs.