Mariana Has an Hour of Free Time During Which She

question 99

Multiple Choice

Mariana has an hour of free time during which she could either go for a run or swim at the local pool. She decides to swim. Economists would conclude that Mariana:

• A)is revealing a preference for swimming over running.
• B)will receive less utility from swimming than playing soccer.
• C)was unable to go for a run at that time.
• D)is more skilled at swimming than running.

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Definitions:

Financial Pressure

The stress or strain on a company's cash flow and finances, potentially affecting its operational capability.

Custodian

An entity or individual responsible for safeguarding or managing someone else's property or financial assets.

Accounting Records

Documents and books that keep track of all financial transactions of an entity for the purpose of financial reporting.

Company Asset

Assets owned by a company, including both tangible and intangible resources, used in operating the business.