Which of the Following Most Directly Reflects the Law of Diminishing

question 121

Multiple Choice

Which of the following most directly reflects the law of diminishing marginal utility?

• A) After watching two football games, Terry decides to watch a third game.
• B) A sports fan enjoys watching Monday night football rather than going to the theater.
• C) After listening to three compact discs, Kim decides to go bowling rather than listen to a fourth disc.
• D) A musician receives the biggest ovation of the evening after playing the final number of a recital.

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Definitions:

Internal and External Constraints

The limitations or restrictions within an organization (internal) and those arising from outside it (external) that impact its performance and operations.

CEO Position

The highest-ranking executive role in an organization responsible for making major corporate decisions, managing the overall operations and resources, and serving as the main point of communication between the board of directors and corporate operations.

Innovative Leader

A leader who introduces new ideas, processes or products, and encourages creativity and change to achieve better results.

CEO Position

The highest-ranking executive role in a company, responsible for major corporate decisions, managing operations, and overall organizational success.