The Plan of Action That Prescribes Resource Allocation and Other

question 79

Short Answer

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n) _____.

Describe how equity changes over a period of time.

Calculate liabilities when given assets and equity.

Recognize where cash investments by owners appear in financial statements.

Understand the risk and return characteristics of different investment types.

---

Definitions:

Marginal Utility

The additional satisfaction or benefit (utility) that a person receives from consuming one more unit of a good or service.

Utils

A hypothetical unit of measurement used in economics to quantify utility or the satisfaction gained from consuming goods and services.

Indifference Curve

A contour line showing all consumption bundles that yield the same amount of total utility for an individual.

Total Utility

The overall satisfaction or benefit that a consumer derives from consuming a particular quantity of goods or services.