Which of the Following Choices Is True Regarding Utility

question 110

Multiple Choice

Which of the following choices is true regarding utility?

• A)Easily measured in units called utils.
• B)Subjective and difficult to measure.
• C)The consumption of a quasi-public good like electricity or natural gas.
• D)The production of a quasi-public good like electricity or natural gas.

Understand the importance of achieving minimum efficient scale for in-house production to be worthwhile.

Recognize the global nature of modern supply chains and the implications of globalization on production.

Comprehend how enterprise resource planning (ERP) systems integrate various aspects of a business.

Understand the use of big data in monitoring and improving supply chain performance.

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Definitions:

Behavioral Technology

The application of psychological principles and techniques to influence human behavior in practical, real-world settings.

Skinner

A psychologist known for his theory of operant conditioning, emphasizing the role of reinforcement in behavior modification.

Shaping

A method of operant conditioning in which successive approximations of a desired behavior are reinforced until the exact behavior is achieved.

Reinforcer

In operant conditioning, any event that strengthens the behavior it follows.