Utility Is Defined as The

question 205

Multiple Choice

Utility is defined as the:

• A) sense of pleasure or satisfaction derived from consuming goods and services.
• B) cost of acquiring goods and services.
• C) profits consumers earn from consuming goods and services.
• D) monetary value to consumers of goods and services.
• E) desire to consume goods and services.

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Definitions:

Stock Dividend

A distribution of extra shares to shareholders instead of a financial dividend.

Cash Dividend

A portion of a company's earnings distributed to shareholders in cash.

Credit Balance

A situation in an account where the sum of credits exceeds the sum of debits, indicating the company owes money.

Retained Earnings

The portion of a company's profit that is held or retained and saved for future use, reinvestment, or debt repayment instead of being paid out as dividends to shareholders.