BUSA Exam 2026 Questions and Answers
_ have no physical attribute - Correct answer-intangible resources
Which of the following can help a firm extend its competitive advantage? - Correct
answer-Better expectations of future resource value, causal ambiguity, path
dependence
Generally speaking, the resource-based view defines resources more _ than
previously define - Correct answer-broadly
In order to be successful, a firm must not only have a resource that is valuable,
rare, costly to imitate, it must also - Correct answer-be organized to capture the
resource's value
what two assumptions are critical behind the resource-based view of the firm -
Correct answer-resource heterogeneity, resource immobility
T:F/ causal ambiguity describes a situation in which cause and effect are readily
apparent - Correct answer-false
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, In the dynamic capabilities perspective, _ is the outflow of the firm's capacity to
leverage its resources - Correct answer-competitive advantage
T?F the value chain concept can be applied to basically any firm - Correct answer-
true
_ resources have physical attributes and are visible - Correct answer-tangible
A firm trying to compete with the leading firm in a competitive industry can try to
negate the leading firm's competitive advantage by - Correct answer-substitution,
direct imitation
_ describes a process in which options are limited by decisions made in the past -
Correct answer-path dependence
According to the case, which one of these factors may not have contributed to Bill
Gates' success? - Correct answer-the physical location of Seattle as the company's
headquarter
all of the following are examples of activities that create value except - Correct
answer-closely monitoring the firm's stock price....
taking physical delivery of a product, taking an order from a customer, invoicing a
customer DO create value
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
_ have no physical attribute - Correct answer-intangible resources
Which of the following can help a firm extend its competitive advantage? - Correct
answer-Better expectations of future resource value, causal ambiguity, path
dependence
Generally speaking, the resource-based view defines resources more _ than
previously define - Correct answer-broadly
In order to be successful, a firm must not only have a resource that is valuable,
rare, costly to imitate, it must also - Correct answer-be organized to capture the
resource's value
what two assumptions are critical behind the resource-based view of the firm -
Correct answer-resource heterogeneity, resource immobility
T:F/ causal ambiguity describes a situation in which cause and effect are readily
apparent - Correct answer-false
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, In the dynamic capabilities perspective, _ is the outflow of the firm's capacity to
leverage its resources - Correct answer-competitive advantage
T?F the value chain concept can be applied to basically any firm - Correct answer-
true
_ resources have physical attributes and are visible - Correct answer-tangible
A firm trying to compete with the leading firm in a competitive industry can try to
negate the leading firm's competitive advantage by - Correct answer-substitution,
direct imitation
_ describes a process in which options are limited by decisions made in the past -
Correct answer-path dependence
According to the case, which one of these factors may not have contributed to Bill
Gates' success? - Correct answer-the physical location of Seattle as the company's
headquarter
all of the following are examples of activities that create value except - Correct
answer-closely monitoring the firm's stock price....
taking physical delivery of a product, taking an order from a customer, invoicing a
customer DO create value
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
