Data About All of the Following Facets of a Business

question 15

Multiple Choice

Data about all of the following facets of a business activity are most likely to be recorded in a master file except the

• A)business activity.
• B)resources affected by the business activity.
• C)people who participate in the business activity.
• D)place the business activity occurs.

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Definitions:

Marginal Utility

The additional satisfaction or utility gained by consuming one more unit of a good or service.

Total Utility

The total satisfaction received from consuming a given total quantity of a good or service.

Marginal Utility

The change in satisfaction or benefit derived from consuming an additional unit of a good or service.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.