Self-Reference Means That

question 39

Multiple Choice

Self-reference means that:

• A) each individual is working in his own direction.
• B) each element in a system will serve the mission of the whole system.
• C) every department can develop its own vision, independent of the company vision.
• D) people who do not have a clear vision of the future have little chance of success.

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Definitions:

Optimal Consumption

The most efficient allocation of resources and consumption choices based on individual preferences, maximizing utility.

Utility Function

A representation of how a consumer ranks different bundles of goods according to their level of satisfaction or utility.

Income

Financial returns, especially continual, from work or investing activities.

Price of X

The amount of money required to purchase a product or service named X.