Examlex
Which of the following is a type of incentive compensation?
Utility Function
A mathematical representation of how different bundles of goods or services rank according to their utility (satisfaction) for an individual or entity.
Consumption
The use of goods and services by households or individuals, typically measured in economic studies to assess economic activity or well-being.
Budget Line
A graphical representation of all possible combinations of two goods that a consumer can afford with a given budget at prevailing prices.
Income
Money received, especially on a regular basis, from work, property, or investments.
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