Utility Is the Ability of Goods and Services to Satisfy

question 134

True/False

Utility is the ability of goods and services to satisfy consumer "wants."

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Definitions:

Achieving Mission

The process of executing strategies and actions to fulfill the core purpose and goals of an organization effectively.

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Accountability

The obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.

Nonprofit Organizations

Entities that operate for a purpose other than generating profit, often focusing on addressing social, educational, charitable, or religious objectives.