The Adoption Act 2009 Replaced the Adoption of Children Act

question 57

Multiple Choice

The Adoption Act 2009 replaced the Adoption of Children Act 1964.This means that the 2009 Act is an:

• A)Original Act.
• B)Amending Act.
• C)Repealing Act.
• D)Consolidating Act.

---

Definitions:

Expected Payoff

The anticipated return or outcome of an investment, decision, or action, considering all possible results weighted by their probabilities.

Expected Opportunity Loss

The anticipated loss in value for choosing an option that is not the best, quantified as the difference between the best expected outcome and the expected outcome of the chosen option.

Expected Monetary Value

The weighted average of all possible outcomes of a decision, where each outcome is weighted by its probability of occurrence.

Perfect Information

A theoretical situation in which all participants have access to all relevant information to make a decision.