John Is Trying to Decide Whether to Expand His Business

question 21

Multiple Choice

John is trying to decide whether to expand his business or not. If he continues his business as it is, with no expansion, there is a 50 percent chance his revenue will be $100,000 and a 50 percent chance his revenue will be $300,000. If he does expand, it will cost him $150,000, and there is a 30 percent chance his revenue will be $100,000; a 30 percent chance his revenue will be $300,000; and a 40 percent chance his revenue will be $500,000.John should expect that the value of his revenue will be ________ if he expands and ________ if he does not expand.

• A)$320,000; $200,000
• B)$170,000; $50,000
• C)$120,000; $200,000
• D)−$30,000; $200,000

Understand the concept and significance of bridge employment in the context of retirement.

Recognize the importance of career anchors in making career decisions and their impact on organizational fit.

Identify the implications of age discrimination in the workplace and the legal protections for older workers.

Distinguish between various career development models and stages within an organizational context.

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Definitions:

Win/Loss Sparklines

Win/Loss Sparklines in spreadsheet applications represent data trends and outcomes (win/loss) visually in a compact, word-sized format.

Positive Values

Numerical quantities greater than zero, indicating a magnitude or quantity in a specified direction.

Negative Values

Numbers less than zero, often representing deficits, decreases, or inverse quantities in various contexts, including mathematics and finance.

Legend

A key or explanation that helps decipher symbols, colors, or patterns used in charts, maps, or diagrams.