The Objective Value of an Outcome to a Particular Problem

question 194

Multiple Choice

The objective value of an outcome to a particular problem is usually clear and concise.Subjective utility,on the other hand,tends to carry with it a great deal of variability.What exactly is meant by subjective utility in the decision-making process

• A) what the outcome is personally worth to the individual 
• B) what the outcome is worth in social bargaining units 
• C) the value of the outcome where there is risk involved 
• D) subjective probability

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Definitions:

Dominant Source

The primary or most influential point of information or authority within a context or system.

Sensual Pleasure

Enjoyment derived from the gratification of the senses, often related to touch, taste, smell, sight, and hearing.

Anus

The opening at the end of the digestive tract through which feces exit the body.

Acts As

Functions or serves in a particular role or capacity in a given context or situation.