Which of the Following Is True About the Two Basic

question 98

Multiple Choice

Which of the following is true about the two basic types of values?

• A) Utilitarian value is an end in and of itself rather than a means to an end.
• B) Hedonic value is very emotional and subjective in nature.
• C) Utilitarian value is the immediate gratification that comes from experiencing some activity.
• D) Utilitarian value is immediate whereas hedonic value is delayed.
• E) Hedonic value is provided by an activity because the activity allows something good to happen or be accomplished.

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Definitions:

Manufacturing Business

A company engaged in the processing of raw materials into finished products through the use of labor, machinery, and equipment.

Hospital

A medical facility that offers patient care through specialized healthcare professionals and advanced medical machinery.

Service Business

A type of business that provides intangible products or services to consumers, as opposed to selling physical goods.

Proprietorship

A proprietorship, also known as a sole proprietorship, is a business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.