Figure 9-4

question 270

Multiple Choice

Figure 9-4. The figure shows a utility function for Dexter.

-Refer to Figure 9-4. Suppose Dexter begins with $1,300 in wealth. Starting from there,

• A) the pain of losing $500 of his wealth would equal the pleasure of adding $500 to his wealth.
• B) the pain of losing $500 of his wealth would exceed the pleasure of adding $500 to his wealth.
• C) the pleasure of adding $500 to his wealth would exceed the pain of losing $500 of his wealth.
• D) This cannot be determined from the graph.

---

Definitions:

Performance Effectiveness

The degree to which an individual, group, or organization meets its goals and objectives successfully.

Performance Efficiency

The degree to which an individual, team, or organization effectively achieves its goals with the minimum expenditure of resources such as time, money, and effort.

Work-Life Balance

The equilibrium between personal life and career work, where neither is neglected.

Organizational Trends

captures the evolving patterns and movements in how organizations structure themselves, manage people, and adopt new technologies to stay competitive in the business environment.