Which of the Following Statements Best Defines Instrumental Values

question 82

Multiple Choice

Which of the following statements best defines instrumental values?

• A) They include values such as religion, family, or consumption.
• B) They include values such as equality and salvation.
• C) They are values that may only apply to a particular area of activities.
• D) They are highly desired end states such as social recognition and pleasure.
• E) They are the values needed to achieve the desired end states.

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Definitions:

British Pound

The official currency of the United Kingdom, also known as GBP (Great British Pound).

Spot Price

The current market price at which a particular asset, like a commodity or currency, can be bought or sold for immediate delivery.

Wheat Future

A standardized contract traded on futures exchanges to buy or sell a specific amount of wheat at a predetermined price on a specified future date.

Profit

Profit refers to the financial gain that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.