The Maximin Criterion Refers To

question 35

Multiple Choice

The maximin criterion refers to:

• A)minimizing the maximum return
• B)maximizing the minimum return
• C)choosing the alternative with the highest payoff
• D)choosing the alternative with the minimum payoff
• E)None of the above

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Definitions:

Cross-Training

The practice of training team members to perform multiple roles or tasks beyond their original responsibilities to improve flexibility and efficiency.

Job Rotation

A process of moving employees between different tasks or jobs to enhance skill diversification and reduce job monotony.

Job Instruction Training

A structured approach to training where employees are instructed in an efficient manner to perform their jobs using step-by-step guidelines.

Preparation Step

An initial stage in a process or activity that involves setting up or getting ready for what is to come.