Consider the Following Decision Table with Rewards in $ Millions

question 38

Multiple Choice

Consider the following decision table with rewards in $ millions. $\begin{array}{r}\text { State of Nature }\\(\begin{array}{|c|c|c|c|}\hline\text { Decision Alternatives } & S_{1} & S_{2} & S_{3} \\\hline d_{1} & -1 & 2 & 8 \\\hline d_{2} & -3 & y & 5 \\\hline d_{3} & -0.5 & 0.75 & 1 \\\hline d_{4} & 0 & 0 & 0 \\\hline d_{5} & -1 & -1 & -1\\\hline\end{array}\end{array}$
If you are using Hurwicz criterion with $\alpha$ = 0.3 and decide d₂, then y is ______.

• A)undetermined; there is not enough information to find the answer
• B)unfeasible; there is no value of y that would make you choose d₂
• C)larger than 3.71
• D)larger than 8
• E)larger than 12.67

Understand the impact of ethnocentrism on leadership effectiveness.

Describe the importance of global leaders being skilled in creating transcultural visions.

Recognize the impact of globalization on the need for cultural understanding in leadership.

Analyze the contributions of GLOBE researchers on cultural dimensions and their impact on cross-cultural communication.

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Definitions:

Political Skill

The ability to effectively understand others at work and use such knowledge to influence others to act in ways that enhance one’s personal or organizational objectives.

Vertical Networks

Hierarchical connections between levels of an organization or system, facilitating upward and downward communications and decision-making.

Same Department

Belonging to or occurring within the same unit, division, or category within an organization or institution.

Hands-on Experience

Practical or direct involvement in a task or activity, allowing individuals to gain knowledge or skills through doing rather than just observing.