Economists Use the Word Utility to Describe the Satisfaction One

question 87

True/False

Economists use the word utility to describe the satisfaction one receives from a good.

---

Definitions:

Corporate Power

The legal authority and inherent capacities that a corporation possesses to conduct business, enter into contracts, and own assets.

Board of Directors

A group of individuals elected to represent shareholders and make decisions on major company issues, including strategy, governance, and overall direction.

Board of Supervisors

A governing body elected or appointed to oversee the administration of county government in some U.S. states.

Corporate Officers

Individuals appointed to manage the day-to-day operations and strategic direction of a corporation, typically holding titles such as CEO, CFO, or COO.