​Explain How Utility Could Be Used in a Decision Where

question 19

Essay

​Explain how utility could be used in a decision where performance is not measured by monetary value.

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Definitions:

National

Pertaining to or characteristic of a nation; a term that can refer to aspects related to a country such as policies, identity, or affairs.

Primary Objectives

The main or most important goals, purposes, or targets that an individual, group, or organization aims to achieve.

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior.

Harmony

A state of agreement or concord in relationships or musical notes producing a pleasing effect.