Which of the Following Is True of Units of Utility

question 146

Multiple Choice

Which of the following is true of units of utility?

• A)They evaluate the purchasing power of consumers.
• B)They cannot be compared across consumers.
• C)They apply to goods but not to services.
• D)They do not exist for very wealthy individuals.
• E)They are negative for inferior goods.

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Definitions:

Profit Responsibility

An obligation to manage activities and resources in such a way as to achieve financial profitability for an organization.

ISO 14000 Initiative

A series of environmental management standards developed by the International Organization for Standardization aimed at helping organizations minimize their environmental impact.

Kyoto Protocol

An international treaty that commits state parties to reduce greenhouse gas emissions, based on the premise that global warming exists and human-made CO2 emissions have caused it.

Green World Initiative

An environmental endeavor aimed at promoting sustainable and eco-friendly practices.