Utility Refers to The

question 24

Multiple Choice

Utility refers to the:

• A) relationship of demand to the supply of a product.
• B) satisfaction a consumer experiences after a good or service is purchased.
• C) satisfaction a consumer expects to receive from a good or service.
• D) ability of a good or a service to have value in the marketplace.
• E) usefulness of the product consumed.

---

Definitions:

Cash Flow

The overall sum of funds moving into and out of a company, particularly how it impacts the availability of cash.

Average Total Assets

A measure used to evaluate a company's efficiency at using its assets by calculating the average of its total assets over a specific period.

Operating Income

The profit realized from a business's ongoing operations, calculated before interest and taxes.

Statement of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.