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A real-valued function u on X is said to be a utility function for R if \\(y\\in R(x)\\Rightarrow u(y)\\geq u(x)\\) and \\(y\\in R(x)\\), \\(x\\not\\in R(y)\\Rightarrow u(y)>u(x)\\). A characterization of preferences that admit d-Lipschitz utility functions is given, where d is a metric on X. Also characterized are choice functions that can be rationalized by d- Lipschitz or continuous utility functions.    The asymptotic behavior of a dynamic system determined by R is another subject studied in the paper. The trajectories of such a system are sequences \\(\\chi =(\\chi (t))^{\\infty}_{t=0}\\) with \\(\\chi\\) (t)\\(\\in R(\\chi (t-1))\\), \\(t=1,2,...\\), where R is supposed to be non-void-compact- valued. Let H(R) denote the set of continuous isotone functions on X,  \\[  W_ u:=\\{x:\\;u(x)=\\min_{y\\in R(x)}u(y)\\},\\text{ and } W:=\\cap_{u\\in H(R)}W_ u.  \\]  The notion of a d-quasi-periodic point is defined and the set W is characterized by the equality \\(W=\\cap_{d\\in D}Q_ d\\), where \\(Q_ d\\) is the set of all d-quasi-periodic points, and D is the set of all bounded metrics compatible with the topology of X. 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