Question: 2. A basic concept in management is that resources are not useful unless they are perceived as useful. Utility is the usefulness of a resource.

2. A basic concept in management is that

2. A basic concept in management is that resources are not useful unless they are perceived as useful. Utility is the usefulness of a resource. For each of the following, utility, give one (1) example: a. Time utility b. Diminishing utility (4 marks)

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