Which Psychological Orientation Would Be Typical of a Manager Who

question 92

Multiple Choice

Which psychological orientation would be typical of a manager who is pessimistic about her business environment?

• A)a maximin orientation
• B)a minimin orientation
• C)a maximax orientation
• D)a minimax orientation

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Definitions:

Market Supply

The total amount of a product or service that is available to consumers, determined by the sum of all individual suppliers' outputs in the market.

Decreasing-cost Industry

An industry that experiences lower production costs as the industry output expands, often due to economies of scale.

Relevant Inputs

Factors or resources that directly impact the production process or decision-making in a specific context.

Decreasing-cost Industry

An industry where the cost per unit of output decreases as the scale of production increases.