A Company Is Considering Three Alternatives (Action) to Deal with This

question 8

Multiple Choice

A company is considering three alternatives (action) to deal with this extra work load as shown below (in $100,000) .If the likelihoods of easy, moderately difficult and extremely difficult are 0.2, 0.4 and 0.4, respectively, the best decision according to the expected value approach is to ________________________ .

• A)outsource
• B)hire temporary staff
• C)use full time staff in overtime
• D)outsource if the file modifications are extremely difficult
• E)use full time staff in overtime if the file modifications are easy

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Definitions:

Bleach

A chemical compound used to whiten or remove color through oxidation or reduction, often used for disinfection and stain removal.

Seawater

Water from the sea, which is saline in nature due to the presence of dissolved salts, minerals, and other substances.

Muscle Contraction

The process where muscle fibers shorten or tense, producing movement or force, often in response to a nerve impulse.

Sodium Ions

Positively charged ions of sodium, vital for cellular processes, including generating electrical signals in neurons.