John Is Trying to Decide Whether to Expand His Business

question 44

Multiple Choice

John is trying to decide whether to expand his business or not.If he continues his business as it is,with no expansion,there is a 50 percent chance he will earn $100,000 and a 50 percent chance he will earn $300,000.If he does expand,there is a 30 percent chance he will earn $100,000,a 30 percent chance he will earn $300,000 and a 40 percent chance he will earn $500,000.It will cost him $150,000 to expand.John should:

• A) expand, since he expects to earn $320,000 by expanding, and it will only cost him $150,000 to do so.
• B) not expand, because there is a chance John will earn the same as if he didn't expand and would be out the $150,000 investment.
• C) not expand, since he expects to earn $120,000 more by expanding than not, and it will cost him $150,000 to do so.
• D) expand, since he has a 70 percent chance of earning more than the cost of expansion.

Appreciate the significance of wellness programs in reducing stress and enhancing employee well-being.

Recognize the physiological, psychological, and intellectual elements of stress.

Identify the effects of stress on job performance, job satisfaction, and overall health.

Grasp the concept of emotional labor and its techniques in managing real emotions.

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Definitions:

Secure Attachment Style

A pattern of attachment in which individuals feel comfortable with intimacy and autonomy, generally resulting from a history of warm and responsive interactions in close relationships.

Strange Situation

A controlled experiment developed by Mary Ainsworth to assess patterns of attachment in children through a series of introductions, separations, and reunions with their caregiver.

Ainsworth

Refers to Mary Ainsworth, an American-Canadian developmental psychologist known for her work in early emotional attachment with the "Strange Situation" assessment.

Experimental Scenario

A controlled environment or situation created by researchers to study how participants react or make decisions, often used to establish cause-and-effect relationships.