The RBV perspective predicts
a. firm's profitability differs only if they are in different industries
b. firms within an industry are equally profitable
c. firm's profitability within industries varies widely
d. Only A&B
QUESTION 2Individuals who face greater risks
a. are more likely to purchase insurance
b. are less likely to purchase insurance
c. are neither more nor less likely to purchase insurance
d. are risk neutral
QUESTION 3The industrial organization or (IO) perspective predicts
a. firm's profitability differs only if they are in different industries
b. firms within an industry are equally profitable
c. firm's profitability within industries varies widely
d. Only A&B
QUESTION 4Trades between risk lovers and risk takers
a. Move assets to lower-value use
b. Move assets to higher value use
c. Create wealth
d. Both B&C
QUESTION 5A software design company wants to pursue a platform strategy. Which of the following strategies is the firm likely to want to adopt?
a. Focus on softening rivalry
b. Encourage complementary innovation
c. Encourage substitute innovation
d. All of the above
QUESTION 6A risk neutral individual
a. Values a lottery at more than its expected value
b. Values a lottery at less than its expected value
c. Values a lottery at its expected level
d. Tends to play a lot of lotteries
QUESTION 7Porter's five forces portray
a. A zero-sum game
b. A game where your profitability comes at the expense of someone else's
c. The ability of market participants to create a larger total pie
d. Only A&B
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