When the Value of a Decision Variable Has Been Optimized

question 30

True/False

When the value of a decision variable has been optimized by running several simulations,attitude toward risk should no longer be relevant.

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Definitions:

Salary Cut

A reduction in the amount of payment or compensation that an employee receives from their employer.

Biological Motive

An innate drive derived from biological needs that prompts an organism to take action.

Drive

An internal motivational state created by physiological or psychological needs.

Extrinsic Motivation

A form of motivation that drives individuals to perform tasks and engage in activities mainly because of external rewards or to avoid punishment.