Decision-Making Conditions Helen Is the Manager for TrucksRUs, a Medium-Sized Hauling Service

question 75

Multiple Choice

Decision-making Conditions
Helen is the manager for TrucksRUs, a medium-sized hauling service located in Victoria.She is responsible for scheduling trucks, initiating new routes and staffing both existing and new routes.She is currently struggling with existing information about the profitability of existing and future truck routes.
-Refer to Decision-making Conditions (Scenario) .Helen knows that she is operating in an uncertain environment.She is basically an optimist and we would, therefore, expect her to follow a ________ strategy.

• A)certainty
• B)risk
• C)uncertainty
• D)maximax
• E)maximin

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Definitions:

Available Seats

The number of seats offered by a service provider, such as an airline or theater, that are not yet sold or reserved.

Paying Customer

An individual or entity that exchanges money for goods or services.

Price Management

The strategic process of setting, adapting, and potentially negotiating prices of products or services to achieve financial goals.

Services

Offerings, advantages, or pleasures provided for purchase that are fundamentally non-material and do not lead to acquiring ownership of any item.