The Probabilities That a Student Wins $50,000, $20,000 or $12,000

question 27

Multiple Choice

The probabilities that a student wins $50,000, $20,000 or $12,000 are 0.7, 0.2 and 0.1 respectively. The expected value of the random x = win is approximately.

• A) $37,800.
• B) $40,200.
• C) -$37,800.
• D) -$40,200.
• E) 0.

Recognize the difference between functional and dysfunctional conflict in organizations.

Identify strategies for conflict management including the enhancement of creativity and decision making.

Understand the consequences of conflict in organizational settings, both positive and negative.

Interpret the role of emotional and social intelligence in managing conflict.

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Definitions:

Catastrophic Thinking

Unrealistic appraisals of stress that exaggerate the magnitude of one’s problems.

Albert Ellis

An influential psychologist known for developing Rational Emotive Behavior Therapy (REBT), a form of cognitive-behavioral therapy.

Over-reliance

The excessive dependence on something or someone.

Distorting Reality

The act of misrepresenting or misconstruing facts or situations, often to align with one's own beliefs or to manipulate the perception of others.