Which of the Following Are Necessary Assumptions to Guarantee That

question 2

Multiple Choice

Which of the following are necessary assumptions to guarantee that an individual can consistently rank any set of consumption bundles?

• A)completeness and non- satiation
• B)transitivity and non satiation
• C)completeness and universality
• D)transitivity and completeness

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Definitions:

Financial Information

Data regarding the financial status or performance of an entity, including income statements, balance sheets, and cash flow statements.

Balance Sheet

A financial delineation of a business's assets, owing, and the portion of equity held by its shareholders, at a distinct point.

Days' Sales In Receivables

A financial ratio that measures the average number of days it takes a company to collect payment after making a sale.

Sales On Account

Transactions where the buyer purchases goods or services on credit, with an agreement to pay at a later date.