Refer to the Following:
a Firm Is Considering Two Projects

question 13

Multiple Choice

Refer to the following:
A firm is considering two projects, A and B, with the following probability distributions for profit.
$$\begin{array} { c c c } \begin{array} { c } \text { Profit } \\\text { (\$1,000s) }\end{array} & \begin{array} { c } \text { Praject } A \\\text { Probability } ( \% ) \end{array} & \begin{array} { c } \text { Project B} \\\text { Prabability (\%) }\end{array} \\\hline \$ 20 & 10 & 10 \\40 & 15 & 15 \\{ 5 0 } & 50 & { 2 5 } \\{ 8 0 } & 15 & 40 \\100 & 10 & 10\end{array}$$
-The coefficient of variation (to 2 decimal places) is

• A) higher for A.
• B) higher for B.
• C) equal for the two.
• D) unable to be used for this choice.
• E) both c and d

Interpret the significance of elasticity values in economic decision-making.

Understand the relationship between Maslow's hierarchy of needs and other motivational theories like McClelland's theory of needs.

Compare and analyze different theories of motivation including Maslow's, McClelland's, and self-determination theory.

Understand the concept and implications of intrinsic and extrinsic motivation.

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Definitions:

Strategy

A comprehensive plan designed to achieve specific goals and objectives over a specified time frame.

Mechanistic Organisational Design

A structure characterized by strict procedures, hierarchical communication channels, and a clear division of labor.

Organic Design

A design philosophy guided by the principle of harmonizing the object or structure with its natural environment, often characterized by fluid lines and sustainability practices.

Growth-Oriented

An approach or mindset focused on seeking out opportunities for expansion and improvement, often in the context of business or personal development.