1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
den301095 [7]
3 years ago
6

What is the basic difference between cardinal and ordinal approaches of utility?​

Business
1 answer:
Natasha2012 [34]3 years ago
3 0

Answer:

Cardinal utility is the utility wherein the satisfaction derived by the consumers from the consumption of good or service can be measured numerically. Ordinal utility states that the satisfaction which a consumer derives from the consumption of product or service cannot be measured numerically.

Explanation:

hope this helps you.

You might be interested in
In what way is the HR function important to the success of the everyday tasks in an organization? Discuss the competitive advant
pentagon [3]

Answer:HR plays a key role in developing, reinforcing and changing the culture of an organisation. Pay, performance management, training and development, recruitment and onboarding and reinforcing the values of the business are all essential elements of business culture covered by HR

A diverse workforce is a more productive workforce, and your business can benefit from different perspectives, improved community relations and more creative ideas.

Workforce diversity can bring about an increase in productivity and competitive advantages. Employers can offer more solutions to customers because of new ideas and processes brought into the organization. Workplace diversity also increases employee morale and causes employees to desire to work more effectively and efficiently. Diversity in leadership within a firm allows managers to bring in new skills and methods for achieving unity within their teams.

Explanation: workforce diversity helps the organization to grow faster and also boost the morals of employees,for every organization that adopt diversity it's tends to be above other organizationbin level of productivity.

8 0
3 years ago
Read 2 more answers
A project manager has just been assigned to a new project and has been given the project charter. The FIRST thing the project ma
Nookie1986 [14]

Answer:

Confirm that all the stakeholders have had input into the scope.

Explanation:

When assigned to a new project, the project manager may be tempted to start planning immediately. One may conclude that the first thing is planning. It will be wise and smart to understand the project charter before planning. Therefore, it is very important to " Confirm that all the stakeholders have had input into the scope." So, Option B is the correct answer.

7 0
3 years ago
Your company is producing a phone with a new video feature. You need to review design specifications with the production company
sladkih [1.3K]

Answer:

Business letters can be confidential.

Explanation: A Business letter is a formal letter used in Organisations to effectively communicate and transact business.

Examples include letters like EXPRESSION OF INTEREST LETTERS, APPOINTMENT LETTERS,LETTER OF REQUEST ETC. A business letter can be used to convey certain confidential or private information from one client to another. There are certain components of a business letter which includes the salutation,Date, Address of both the sender and the reciever,the body of the letter, conclusion etc.

6 0
3 years ago
Read 2 more answers
How do you nut? and have sex
Delvig [45]

Answer:

i-... is that a genuine question or.. 0-0

Explanation:

4 0
3 years ago
Wallace Publishers Inc. collects 50% of its sales on account in the month of the sale and 50% in the month following the sale. I
Taya2010 [7]

Answer:

Total cash collection may= $362,000

Explanation:

Giving the following information:

Wallace Publishers Inc. collects 50% of its sales on account in the month of the sale and 50% in the month following the sale.

Sales on account:

April=  $380,000

May= $334,000

<u>Cash collection May:</u>

Sales on account from May= 344,000*0.5= 172,000

Sales on account from April= 380,000*0.5= 190,000

Total cash collection may= $362,000

4 0
3 years ago
Other questions:
  • EA12.
    7·1 answer
  • At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000 and Total Liabilities of $75,000.
    13·1 answer
  • This chapter discusses many types of costs: opportunity cost, total cost, fixed cost, variable cost, average total cost, and mar
    8·1 answer
  • Which businesses are in monopolistic competition?
    12·1 answer
  • Use the production function: Q = 4L1/2K1/2.Suppose that the price of labor is $5 and the price of capital is $20. Your firm desi
    5·1 answer
  • Innovative Components is a manufacturer of computer parts. The company recently reported earnings of $2,014,802. In addition, In
    15·1 answer
  • Shares of common stock of the Samson Co. offer an expected total return of 13.00 percent. The dividend is increasing at a consta
    11·1 answer
  • Hat is a​ monopoly?
    6·1 answer
  • What body of people do not have to worry about raising capital?
    11·1 answer
  • Suppose you will receive a payment of $300 one year from now. True or False: If during the year the interest rate rises, this in
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!