A Farm Owner Has Three Possible Hiring Decisions

question 19

Multiple Choice

A farm owner has three possible hiring decisions.His profits depend on the growing season as shown below.If the probability of a good growing season is 0.75.The return to risk ratio for hiring migrant workers is ________________________ .

• A)8.40
• B)4.05
• C)2.89
• D)0.346
• E)None of the above.

---

Definitions:

Order Fulfillment

The complete process from point of sale to delivery of a product to the customer, encompassing receiving, processing, packing, shipping, and handling of returns.

Supply Chain

A network between a company and its suppliers to produce and distribute a specific product to the final buyer, encompassing all stages of processing, transportation, and storage.

Flows

The movement or transfer of goods, services, money, or information between processes or locations.

Direction

Guidance or supervision towards the execution of tasks or strategic plans within an organization or project.