Optimistic Managers Follow a Maximax Choice When They ________

question 10

Multiple Choice

Optimistic managers follow a maximax choice when they ________.

• A) maximize the maximum possible payoff
• B) maximize the minimum possible payoff
• C) minimize the maximum regret
• D) minimize the minimum regret

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Definitions:

Model Business Corporation Act

A template for states to use in drafting their corporate statutes, aimed at standardizing corporate law.

Shareholders Meeting

A formal gathering of the shareholders of a company to discuss and vote on company business.

Special Meeting

A meeting called for a specific purpose, outside of the regularly scheduled sessions.

Cumulative Voting

A system of voting for directors of a corporation in which shareholders can concentrate their votes on one candidate, rather than having to distribute them equally among candidates.