Which of the Following Is NOT a Decision Making Criterion

question 32

Multiple Choice

Which of the following is NOT a decision making criterion?

• A)Maximizing the expected monetary value of an action.
• B)Minimizing the expected opportunity loss of an action.
• C)Minimizing expected profit under certainty.
• D)Maximizing the return-to-risk ratio.

Recognize the relationship between psychoactive drug use, endorphin production, and dependency.

Differentiate between various categories of psychoactive drugs and their general effects.

Understand the concept of withdrawal symptoms and their association with substance use.

Differentiate between the effects of stimulants and depressants.

---

Definitions:

Opportunity Costs

The cost of foregoing the next best alternative when a decision is made to pursue a particular action.

Total Revenues

The total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.

Entrepreneur's Talent

The unique set of skills, insights, and intuitions possessed by an entrepreneur that contributes to the successful establishment and growth of a business.

Implicit Costs

Indirect, non-monetary expenses involved in pursuing an activity or decision, often reflected as the opportunity cost of using resources.