Answer: Satisfaction
Explanation: As per the utility theory, every decision that a rational individual makes regarding making choice between two different alternatives, that decision depends on the level of satisfaction the individual gets from either choice.
Utility theory suggest that the individual makes choices that gives them highest level of satisfaction.
Hence, the correct option is A.
Answer:
True
Explanation:
Financial services are the activities rendered by any financial institution such as the banks to their customers. Most of the services are done at a fee that makes the main source of revenue for banks. The revenue is spent to pay the overall expenses of the bank. If the expenses are lower than the revenue, a bank makes profit. If expenses exceed revenue, a bank makes loss which is not mostly the case. Therefore, it is true to say that banks work to earn a profit by selling financial services.
Answer:
They must keep in mind what option or thing seems better, they must keep in mind if they have a good strategy
Explanation:
Answer:
The cost of inventory is $24,184
Explanation:
The computation of the inventory cost is shown below:
= Purchase cost of merchandise - returned goods - discount + transportation
= $24,700 - $1,100 - $236 + $820
= $24,184
The calculation of the discount is shown below:
= (Purchase cost of merchandise - returned goods) × discount rate
= ($24,700 - $1,100) × 1%
= $236