BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Judgment is the capability of making successful decisions when no obviously correct model or rule is available or when relevant data are unreliable or incomplete. By themselves, resources can allow firms to create value for customers as the foundation for earning above-average returns.

Detailed explanation-2: -Judgment is a capacity for making a successful decision when no obviously correct model or decision rule is available or when relevant data is unreliable or incomplete.

Detailed explanation-3: -Which of the following is a true statement about capabilities? Capabilities based on human capital are more vulnerable to obsolescence than other intangible capabilities because of the tendency for employee knowledge to become outdated.

Detailed explanation-4: -Which of the following characteristics is not a test of whether a strategic capability is a distinctive (or core) competence? It is protected by patents.

Detailed explanation-5: -Second, some of these resource and capability differences among firms may be long lasting, because it may be very costly for firms without certain resources and capabilities to develop or acquire them. This is the assumption of resource immobility.