When monetary value is not the sole measure of the true worth of the outcome to the decision maker, monetary value should be replaced by utility

a. True
b. False
Indicate whether the statement is true or false


True

Business

You might also like to view...

Which of the following types of competition is based on products that have similar features and provide the same basic function?

A) product class or product category B) product form C) generic D) budget

Business

Which of the following is usually expressed in the form of a percentage?

a. rate of interest; b. principal of the note; c. time of the note; d. discount of the note; e. maturity value

Business

What do most companies today focus on when it comes to protecting the environment?

A) investing heavily in pollution prevention B) practicing product stewardship C) developing a sustainable vision D) investing heavily in environmental technology E) increasing the biodegradability of products

Business

External service desks typically face the same budget and staffing constraints that internal service desks do.

Answer the following statement true (T) or false (F)

Business