Exhibit 14.2 The Following Questions Are Based on the Information Below

question 112

Multiple Choice

Exhibit 14.2
The following questions are based on the information below.
An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is a function of the economic climate over the next 2 years. The economy can expand or decline. The following payoff matrix has been developed for the decision problem.
-Refer to Exhibit 14.2. What formula should go in cell F5 of the Regret Matrix above to compute the regret value?

• A) =B$5-MAX(B$5:B$8)
• B) =MAX(B$5:B$8)-MAX(B5)
• C) =MAX(B$5:B$8)-MIN(B$5:B$8)
• D) =MAX(B$5:B$8)-B5

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Definitions:

Task Demands

Task demands are the aspects of a job that require physical and mental effort, encompassing the responsibilities, workload, and challenges associated with a particular role.

Technical Demands

The specific skills, knowledge, and abilities required to perform the tasks associated with a particular job or activity.

Tangible Factor

A quantifiable element that can be physically touched or measured, influencing outcomes or decisions.

Social Responsibility

The ethical framework that an individual or organization should act in a way that benefits society at large.