Which of the following, if true, would uphold a company's sustainable competitive advantage in front of rival firms?
A) Workforce attributes encouraged by staffing practices are commonplace.
B) Strategic staffing practices are difficult to imitate.
C) Staffing practices have maximum substitutability.
D) The firm should take care not to exploit staffing practices.
B
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Pack-it Co. sold a packaging machine to Boxes Ltd. and nothing was said in the contract about any guarantee of quality or performance. The machine broke down after one day of use. Which of the following statements is true?
A) Boxes Ltd bought "as is" and must pay the cost of the repair itself. B) The Sale of Goods Act implies a term of fitness for general use into the agreement even thought the parties said nothing about it. C) The courts will imply a warranty into an agreement by common law principles. D) Boxes may rely on Pack-it's express warranty. E) None of the above.
Which of the following statements is true of the environmental forces that affect strategy formulation?
A) Socialist economic systems normally levy light taxes on business profits. B) Countries that excessively spend on R&D tend to have lower levels of prosperity. C) Approval of the host government is almost always necessary for making direct investments. D) Free-market economies tend to levy high taxes on business profits.