Examlex
Values guide the behaviour of individuals within an organization.
Exchange
The act of giving one thing and receiving another in return, particularly in reference to goods, services, or currencies.
Transitive Preferences
A concept in decision theory where if a person prefers option A over B and B over C, then the person also prefers A over C.
Transitive Indifference
Transitive indifference refers to a situation in consumer preference theory where if a consumer is indifferent between goods A and B and also between goods B and C, then the consumer is equally indifferent between goods A and C.
Strict Preference
An economic term indicating a consumer's stronger liking for one option over another, with no indifference between the two.
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