For the Chinese, Important Business May Be Conducted by Fax

question 82

True/False

For the Chinese, important business may be conducted by fax or over telephone calls.

---

Definitions:

Expected Utility Function

A mathematical expression that represents an individual's preferences over a set of outcomes, incorporating the probabilities of those outcomes.

Sure Payment

A guaranteed payment or financial transaction that is certain to occur.

Lottery

A form of gambling that involves drawing numbers at random for a prize, often regulated by governments.

Probability

A measurement of the likelihood or chance that a certain event will occur, expressed as a number between 0 and 1 (where 1 indicates certainty).