16. A resource or capability that has led to sustainable competitive advantage f

Question

16. A resource or capability that has led to sustainable competitive advantage for a firm has the following characteristic(s):

A. It is hard to imitate

B. Managers are aware of and taking advantage of the potential of the resource or capability

C. It is unique

D. It is valuable

E. All of the above

17. Which of the following is most likely to be a source of sustainable competitive advantage?

A. A state-of-the art machine that a firm purchases from a supplier

B. A new product

C. A research and development process

D. A unique plant design

E. A new service

18. Which ratio measures a firm’s liquidity?

A.Debt-to-equity

B.Current

C.Return-on-assets

D.Asset turnover

E.None of these

19. Which ratio measures a firm’s leverage?

A. Debt-to-equity

B. Current

C. Return-on-assets

D. Asset turnover

E. None of these

20. Which group of stakeholders has, as its primary function, protecting the interests of the stockholders?

A. Managers

B. Employees

C. Board of directors

D. Unions

E. Customers

Explanation / Answer

Question 16)

E. All of the above

        It has to contain all the characteristics listed for it to lead to sustainable competitive advantage.

Question 17)

C. A research and development process

     Rest can be replicated. It is very hard to replicate R&D process

Question 18)

B .Current

Question 19)

C. Return on assets

Question 20)

C. Board of directors

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