A Dominant Strategy

question 54

Multiple Choice

A dominant strategy:

• A)exists in every game.
• B)is the best one to follow no matter what strategy other players choose.
• C)is always the same for all players of a game.
• D)awards the highest achievable payoff in a game.

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Definitions:

Long-range Plans

are strategic plans that outline an organization's goals, strategies, and actions for a period typically extending beyond five years.

Top-level Managers

Senior executives within an organization who are responsible for making long-term strategic decisions and ensuring the overall success and direction of the company.

Organization's Performance

A measure of how effectively and efficiently an organization achieves its objectives and fulfills its mission, often evaluated through metrics like profitability, productivity, and quality.

Objectives

Specific, measurable goals that a person or organization aims to achieve within a certain timeframe.