Frank Forgione Has the Right to Enter a Contest Where

question 47

Multiple Choice

Frank Forgione has the right to enter a contest where he has a 50% chance of winning $50,000 and a 50% chance of losing $0.It costs Frank nothing to enter the contest.If he is willing to give up his right to enter the contest for a sure payment of $10,000, he is ___.

• A)a risk avoider
• B)an optimist
• C)a risk taker
• D)risk neutral (an EMV'er)
• E)a gambler

---

Definitions:

Relationship Balance

The equilibrium achieved when parties in a relationship manage to satisfy their own needs while respecting and fulfilling the needs of the other party.

Deal Orientations

Refers to an individual's or organization's tendency to focus on and prioritize transactions and agreements in their business operations or strategies.

Organizational Conflict

A state of discord caused by the actual or perceived opposition of needs, values, and interests between people working together.

Conflict Levels

The intensity, scale, or seriousness of a dispute or disagreement, ranging from minor disagreements to significant battles or wars.