Adam and Jon Are the Only Players Playing in a Local

question 154

Multiple Choice

Adam and Jon are the only players playing in a local golf tournament.They can either practice for 5 hours or not practice at all.Practice has both direct monetary costs and opportunity costs.Their scores for an 18-hole round of golf with and without practice are shown in the table.Total prize money is $12,000.Two possible reward structures exist.In Plan A,the low score wins $10,000,second place wins $2000,and a tie results in $6000 each.Plan B requires a player to score 71,or less,for first place,72 to 80 is considered second place.The $10,000 will be split between those with a 71 or lower score,with a guaranteed minimum of $2000.The $2000 for second will be split between those with a score between 72 and 80.
-Refer to the information above.If the quality of play is measured by low scores and a close finish,then

• A) Plan B should be adopted.
• B) Plan A should be adopted.
• C) it does not matter which plan is chosen;the outcomes are the same.
• D) players should be required to practice.
• E) players should be barred from practicing.

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Definitions:

Orientation

Refers to the direction or manner of someone's interests, feelings, or actions.

Personalized

Tailored or customized to fit an individual's specific needs, preferences, or identity.

Win-lose Feud

A conflict resolution scenario where one party's gain is perceived as the other's loss.

Perspective

a particular attitude towards or way of regarding something; a point of view.