Which of the Following Statements Captures the Meaning of Transitivity

question 160

Multiple Choice

Which of the following statements captures the meaning of transitivity of preferences?

• A)If A is preferred to B, then B is less preferred than A.
• B)If A is preferred to B, and B is preferred to C, then A is preferred to C.
• C)If A is preferred to B and B is preferred to C, then the preference for A over B is stronger than the preference for B over C.
• D)If A is preferred to C, then there exists B such that A is preferred to B and C is preferred to A.

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Definitions:

Generates Revenues

The process through which a business earns income from its normal operations, typically through the sale of goods and services.

Profit Center

A unit or department that incurs costs and generates revenues.

Revenue Center

A division or unit within a business responsible for generating significant income.

Departmental Reports

Internal documents that break down business performance by departments, aiding in analyzing specific areas of a company.