In the Maximin Strategy,a Manager Choosing Between Two Options Will

question 44

Multiple Choice

In the maximin strategy,a manager choosing between two options will choose the option that:

• A)has the highest expected profit
• B)provides the best of the worst possible outcomes
• C)minimizes the maximum loss
• D)both a and b
• E)both b and c

---

Definitions:

Wundt

Wilhelm Wundt, often regarded as the father of experimental psychology, who established the first psychological laboratory in Leipzig, Germany, in 1879.

Repressed Conflicts

Unresolved, often unconscious, conflicts that lead to psychological distress or behaviors, according to psychoanalytic theories.

Phobias

Intense, irrational fears of specific objects, situations, or activities that lead to avoidance behavior.

Unconditioned

Refers to stimuli or responses that occur naturally without any prior learning or conditioning.