Which of the Following Statements Is Incorrect

question 26

Multiple Choice

Which of the following statements is incorrect?

• A)A risk-averse decision maker will choose the alternative with the lowest variance among alternatives with identical expected utilities.
• B)A risk-neutral decision maker will always choose the alternative with the lowest variance among alternatives with identical expected utilities.
• C)A risk-loving decision maker will choose the alternative with the highest variance among alternatives with identical expected utilities.
• D)The expected utility of a lottery is the expected value of the utility levels that the decision maker receives from the payoffs in the lottery.

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Definitions:

Job Enrichment

A job design approach aimed at enhancing job satisfaction and performance by adding tasks that increase the job's responsibility, variety, and significance.

Agreeableness

A personality trait characterized by warmth, kindness, and cooperativeness, influencing how individuals interact within social and organizational contexts.

Job Crafting

The act of employees modifying and personalizing their job to better fit their strengths, passions, and motives, leading to improved job satisfaction and performance.

Job Resources

Various physical, psychological, social, or organizational aspects of a job that can help achieve work goals, reduce job demands, and stimulate personal growth.