An Individual Making a "Maximin" Choice Has What Type of Psychological

question 87

Multiple Choice

An individual making a "maximin" choice has what type of psychological orientation toward uncertain decision making?

• A)optimist
• B)realist
• C)pessimist
• D)opportunist

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Definitions:

Collection Time

The time duration that a business takes to recover the payments owed to it by its clients, often measured from the date of sale or service delivery.

Collection Float

The time interval between when a check is deposited in a bank and when the funds are made available.

Zero-Balance Account

A type of bank account that maintains a balance of zero by automatically transferring funds from a master account in exact amounts to cover charges or checks presented.

Master Account

A primary account in financial management that holds funds or securities and from which transactions can be made.