Which One of the Following Lists the Entities Which Use

question 126

Multiple Choice

Which one of the following lists the entities which use budgets?

• A)Merchandisers and service companies
• B)Manufacturing, merchandisers, and service companies
• C)Service, retail, and wholesale companies
• D)Manufacturers only

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Definitions:

Risk-loving

A preference for options with uncertain outcomes, rather than those with more predictable results, often with the hope of higher rewards.

Marginal Utility

The supplementary enjoyment or value obtained by consuming another unit of a good or service.

Disability Insurance

A type of insurance that provides financial support to individuals who cannot work due to a disability.

Expected Utility

The anticipated satisfaction or value derived from a decision, taking into account the probabilities of different outcomes.