The ________ Criterion Allows the Decision Maker to Choose the Level

question 98

Multiple Choice

The ________ criterion allows the decision maker to choose the level of risk he or she want to assume by choosing a, the index of optimism.

• A)equally likely
• B)maximin
• C)maximax
• D)Hurwicz

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Definitions:

Economic Contributions

The impact or input of an individual, group, or sector towards the economic development or sustainability of a community, region, or nation.

Short-Term Profits

Short-term profits are earnings realized from business operations or investments over a brief period, typically within a fiscal quarter or year, focusing on immediate financial gain.

Corporate Social Responsibility Pyramid

outlines the hierarchical levels of responsibility a corporation holds towards society, including economic, legal, ethical, and philanthropic.

Philanthropic

Pertaining to the act of giving money, goods, time, or effort to support a charitable cause, often with a focus on improving human well-being.