Economists Assume That People Try to Maximize Their Level of Satisfaction

question 110

Multiple Choice

Economists assume that people try to maximize their level of satisfaction, sense of well-being, happiness, and overall welfare. This is known as _____

• A) utility.
• B) a low-valued good.
• C) productivity.
• D) adaptability.
• E) efficiency.

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Definitions:

Personnel File

A record maintained by an employer containing the employment history, personal information, and other relevant documents related to an employee.

Informal Channels

Informal channels represent the unofficial routes through which information flows within an organization, often based on personal relationships rather than structured communication paths.

Existential Philosophy

A branch of philosophy concerned with human freedom, choice, and the search for meaning in an apparently chaotic and indifferent universe.

Humanistic Approach

A psychological perspective emphasizing the study of the whole person, and the uniqueness of each individual, focusing on personal growth, self-actualization, and the concept of free will.