The utility created by transferring ownership of a product to a buyer is called ____ utility.
A. form
B. place
C. time
D. possession
E. ownership
Answer: D
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In terms of ethical theory, lofty compensation packages have a utilitarian function when they act as incentives for executives to produce greater overall results.
Answer the following statement true (T) or false (F)
The Government in the Sunshine Act is a federal act that opens most federal administrative agency meetings to the public
Indicate whether the statement is true or false
If a taxpayer has a net Section 1231 loss for the year, all Section 1231 gains and losses are treated as being capital gains and losses.
Answer the following statement true (T) or false (F)
The ________ problem occurs when people who do not pay for information take advantage of the information that other people have paid for
A) free-rider B) moral hazard C) adverse selection D) lemons