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4 years ago

What is the difference between ordinal utility and cardinalutility?

Business

1 answer:

Andrews [41]4 years ago

8 0

Answer:

E. a ranking of market baskets in order of most to least preferred, while cardinal utility indicates how much one market basket is preferred to another.

Explanation:

Ordinal utility can be defined as an economic concept in which the consumer chooses a product or service from the market based on preferences in relation to another at a comparative level, but not exactly quantified.

In cardinal utility, on the other hand, the consumer is able to quantify the benefits perceived in a product or service with specific values, and this measure is beneficial to specify, for example, a choice based on price and utility for the consumer, which helps in the purchase decision process .

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Which of the following statements is CORRECT?

Shtirlitz [24]

"D" is the CORRECT and the most appropriate option our of all the options

Explanation:

There are many type of unethical practices in the business.

1. Differentiation - The main motive of the ethics is to understand the difference between right and wrong as the executive can provide information to the stockholders but not anyone outside the firm.

2. Loyalty - It is important when the employee is linked with any organisation to keep all its secrets as it known as Business Ethics.

3. Representation - As the employee represent the business entity , its image is at stake with the employee. Henceforth no such deed should be done.

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4 years ago

The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its n

SVETLANKA909090 [29]

Answer:

$11.8 million

Explanation:

Particulars Amount

Sales $24 million

Less: Operating costs $7 million

Less: Depreciation $4 million

EBIT $13 million

Less: Tx at 40% on EBIT $5.2 million

Net income before interest $7.8 million

Add: Depreciation $4 million

Operating cash flow $11.8 million

5 0

3 years ago

Liabilities are defined as: a) Resources owed by an entity as a result of past transactions. b) Resources owned by an entity as

Alborosie

Answer:

Option A

Explanation:

In simple words, A liability refers to an agreement among one entity and another which has not yet been fulfilled or accounted for. A liability is anything that a individual or firm owes due to any past transaction, typically a amount of money. Over period, liabilities become settled by shifting economic advantages involving property, products or services.

5 0

3 years ago

What is the difference between earned income, passive income, and investment income?

Rudiy27

Explanation:

Earned income consists of income you earn while you are working a full-time job or running a business.

Passive income is income earned from rents, royalties, and stakes in limited partnerships.

Portfolio income is income from dividends, interest, and capital gains from stock sales.

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3 years ago

Ship A is 15 miles east of P and is moving west at 20 mph; ship B is 60 miles south of P and is moving north at 15 mph. At what

Sav [38]