SCENARIO 19-2
the Following Payoff Matrix Is Given in Dollars $\quad$

question 52

Multiple Choice

SCENARIO 19-2
The following payoff matrix is given in dollars. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Action }$
$\begin{array}{l}\begin{array} { c c c } \text { Event } & A & B \\\hline 1 & 400 & 700 \\2 & 200 & 500\end{array}\end{array}$ Suppose the probability of Event 1 is 0.5 and Event 2 is 0.5.
-Referring to Scenario 19-2, the EVPI is

• A) 0
• B) 300
• C) 400
• D) 600

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Definitions:

Position Power

Refers to the authority and influence conferred by a person's role or position within an organization, enabling them to impact decisions and actions.

Disruptive Politics

Political actions or policies that significantly change the status quo, often leading to shifts in power structures or social norms.

Avoid Favoritism

The practice of deliberately not giving preferential treatment to particular individuals or groups over others, ensuring fairness and equality.

Organizational Resources

Assets, including human, financial, physical, and informational, that an organization possesses and can utilize to execute its strategies and achieve its objectives.