If a Consumer Likes Pizza More Than Lasagna and Likes

question 16

Multiple Choice

If a consumer likes pizza more than lasagna and likes lasagna more than spaghetti, then it follows that the consumer must like pizza more than spaghetti too.This example is an example of what concept?

• A)Invariance principle
• B)Transitive principle
• C)Choice deferral principle
• D)Domination principle
• E)None of the above is correct.

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Definitions:

Operating Cycle

The average period of time it takes for a business to convert its inventory into cash through sales.

Twelve Months

A term commonly used in finance and business to refer to a full fiscal or calendar year.

Long-Term Debt

Debt obligations due for repayment in more than one year, often used for significant business investments.

Issue Date

The date on which a security (like a bond or stock) is issued or made available for sale.