People Who Are Risk Averse

question 99

Multiple Choice

People who are risk averse

• A) prefer a sure thing over a gamble with a higher expected value.
• B) choose the outcome with the highest expected value.
• C) choose the outcome with the lowest expected value.
• D) prefer gambles with lower expected values but potentially higher winnings over a sure thing.
• E) do not partake in any risky activities.

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Definitions:

Herzberg's Motivator-Hygiene Model

A theory that suggests job satisfaction and dissatisfaction arise from two different sets of factors - motivators that encourage employees and hygiene factors that can cause dissatisfaction if missing.

Absenteeism

Absenteeism is the habitual non-presence of an employee at their job without a valid reason, often affecting productivity and morale.

Turnover

The rate at which employees leave a company and are replaced by new employees, often used as an indicator of job satisfaction and organizational health.

Productivity

A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.