An NGO Uses Historical Trends to Determine When Charitable Giving

question 85

Multiple Choice

An NGO uses historical trends to determine when charitable giving peaks, and then sets the dates for its donation drives based on the trends. This is an example of ________.

• A) data-driven decision making
• B) business intelligence
• C) customer relationship management
• D) operations management

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Definitions:

Utility Maximization

A principle in economics where individuals or firms aim to achieve the highest satisfaction or profit from their resources and decisions.

Budget Constraints

The limitations on the spending behavior of consumers, based on their income and the prices of goods and services.

Consumer Equilibrium

A state where the allocation of resources by consumers results in the maximization of their utility, with no incentive to change their consumption pattern.

Utility

In economics, it refers to the satisfaction or benefit derived by consumers from consuming goods and services.