Define gustation

question 80

Multiple Choice

Define gustation.

• A)Gustation is the sense of smell.
• B)Gustation is the sense of taste.
• C)Gustation is the sense of equilibrium.
• D)Gustation is the sense of sight.
• E)Gustation is the sense of hearing.

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Definitions:

Risk-averse

Characterized by the preference to avoid risk, leading individuals or entities to choose the option with the least risk when faced with uncertain outcomes.

Expected Utility

A theory in economics that calculates the anticipated utility or satisfaction from a decision under conditions of uncertainty.

Utility

An indicator of pleasure or contentment obtained by customers from using products or services.

Risk Averse

A description of an individual's or entity's preference to avoid risk, favoring certainty in investment or economic decisions.