Sally Likes Jim Twice as Much as She Likes Bob

question 72

Multiple Choice

Sally likes Jim twice as much as she likes Bob. This is an example of:

• A)ordinal preferences.
• B)cardinal preferences.
• C)transitivity.
• D)diminishing marginal utility.

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Definitions:

Maslow's Needs

A theory proposed by Abraham Maslow organizing human needs into a hierarchical structure starting from basic physiological needs to self-actualization.

Respect

A feeling of deep admiration for someone or something elicited by their abilities, qualities, or achievements.

Rackspace

A company that provides cloud computing services to businesses worldwide.

Customer Loyalty

The likelihood of a customer consistently choosing one company's products or services over its competitors', often due to satisfaction, trust, or perceived value.