An Organization Establishes a __________ When It Has a Core

question 23

Multiple Choice

An organization establishes a __________ when it has a core competency that sets it apart from its competitors and gives it an advantage over them in the marketplace.

• A)Core advantage.
• B)Market advantage.
• C)Competitive advantage.
• D)Competency advantage.
• E)Management advantage.

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Definitions:

Implicit Rate

The interest rate implied in the terms of a lease or financial arrangement, often used in leasing transactions to calculate lease payments.

Economic Life

The period over which an asset is expected to be economically useful to the owner.

Warranty

A guarantee provided by a seller that a product will meet certain performance standards or an offer to repair or replace defective goods within a certain time frame.

Implicit Rate Of Return

An interest rate that equates the present value of expected future cash flows of an investment to its initial cost.