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Using Utility in Business Decision Making

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which country did not make use of utility to build its road network in the 1970s?

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1. What is the definition of utility?

2. Which of these is often acceptable to increase utility?

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About This Quiz & Worksheet

You'll be chiefly examine on concepts having to do with things like the theoretical and practical uses of utility, as well as what it is.

Quiz & Worksheet Goals

Essentially, you'll be faced with questions on:

  • What a person on a desert island might have the best use for
  • A country in the 1970s that didn't use its utility to build a road network
  • Utility's fundamental definition
  • What typically comes with utility increase
  • The transformation of car manufacturing via utility

Skills Practiced

  • Making connections - use understanding of the concept of utility
  • Knowledge application - use your knowledge to answer questions about times utility was and was not used in history
  • Reading comprehension- ensure that you draw the most important information from the related lesson on utility in business

Additional Learning

Take further steps in learning about utility by watching our video lesson, Using Utility in Business Decision Making. This lesson will cover important concepts like:

  • What utility is/does
  • The upgrade of efficiency
  • Real-life uses of utility
Final Exam
Business 116: Quantitative Analysis
This course currently has no final exam ready
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