Examlex
Which of the following is a view of the traditional technology approach,which consists of data,variables,and attributes stored within a system?
Utility Function
A mathematical representation that ranks preferences over a set of goods and services, showing the level of satisfaction or utility a consumer receives.
Income
Revenue received, on a consistent basis, from occupational or investment sources.
Preferences
Preferences refer to an individual's subjective tastes or desires, ranking goods or outcomes in order of choice or desirability in decision making or consumption.
Utility Function
Describes how different combinations of goods or outcomes are valued by an individual, helping to predict choice under uncertainty.
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