In the Goal of Consumer Optimization, It Is Assumed That

question 52

Multiple Choice

In the goal of consumer optimization, it is assumed that

• A) consumption equals disposable income.
• B) savings are positive.
• C) more is preferred to less.
• D) the consumer is rational.
• E) the consumer consumes more than his or her disposable income.

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Definitions:

Discipline

Action that develops self-control, efficiency, and orderly conduct; regulation, training, and enforcement. Discipline problems include permissiveness, rigidity, and inconsistency. Elements of effective discipline include defined roles and responsibilities, clear rules and guidelines, and methods for taking corrective action.

Importance of Ethics

The significance of moral principles in guiding behaviour and decision-making.

Leadership Success

The achievement of desired outcomes and objectives through effective leadership practices and the positive influence on followers.

Character of Leader

The combination of traits and qualities defining the moral and ethical stance of a leader.