Whereas ________ Proposals Are Used to Request Decisions from Managers

question 35

Multiple Choice

Whereas ________ proposals are used to request decisions from managers within an organization,________ proposals are directed to parties outside the organization.

• A)formal; informal
• B)internal; external
• C)solicited; unsolicited
• D)external; internal
• E)direct; indirect

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Definitions:

Utility Per Dollar

The amount of satisfaction or usefulness gained per unit of currency spent, used to measure consumer value.

Marginal Utility

Marginal utility is the change in total satisfaction or utility that a consumer experiences from consuming an additional unit of a good or service.

Utility Maximization

The process by which consumers allocate their spending to achieve the greatest level of satisfaction or utility from their available resources.

Preferences

The individual choices or subjective evaluations consumers make regarding the satisfaction they expect from consuming goods or services.