If an Individual Prefers a Risky Prospect to a Sure

question 55

Multiple Choice

If an individual prefers a risky prospect to a sure prospect then:

• A)the two prospects must have the same expected value.
• B)the risky prospect has a higher expected utility.
• C)the individual is irrational.
• D)the individual is risk lover.

Relate the concepts of unfreezing, change, and refreezing in the context of organizational development and change processes.

Delineate the essential components for successful change, including capability, opportunity, motivation, and support.

Appreciate the implications of operating in hyper-turbulent environments and the necessity for organizations to become learning-oriented to maintain effectiveness.

Understand the role of crises in prompting organizational change and the importance of crisis management.

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Definitions:

Contingency Management

A behavioral therapy technique that modifies behavior by changing the consequences of that behavior, often through rewards or punishments aimed at increasing or decreasing certain behaviors.

Stimulus Control

A behavioral intervention technique to limit exposure to cues that trigger undesirable behaviors.

Biofeedback

A technique that teaches individuals to control physiological processes such as heart rate, muscle tension, and brainwave patterns, through real-time feedback from monitoring devices.

Efficacy

The ability of a product or treatment to produce a desired effect under ideal and controlled conditions.