_____ Is a Personal Assessment of the Net Worth Obtained

question 16

Multiple Choice

_____ is a personal assessment of the net worth obtained from an activity.

• A) Value
• B) Customer lifetime value
• C) Prestige
• D) Quality
• E) Effort

---

Definitions:

Diminishing Returns

A principle stating that as one factor of production increases while others remain fixed, there will eventually be a decrease in the incremental output gained.

Normal Rate

A standard or usual level of financial return on investment or interest on loans.

Supply

The total amount of a product or service that is available to consumers at a given price over a specific period.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.