The _____________ Criterion Finds the Worst Possible Payoff for Each

question 48

Short Answer

The _____________ criterion finds the worst possible payoff for each alternative and then chooses the alternative that yields the maximum payoff.

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Definitions:

FSGO

The Federal Sentencing Guidelines for Organizations, a framework that incentivizes organizations in the United States to install and maintain ethics and compliance programs to mitigate punishment for offenses.

Ethical Compliance

Adhering to laws, regulations, standards, and ethical practices that are applicable to an organization's operations and conduct.

Probation

A period of supervision over an offender, ordered by the court instead of serving time in prison.

Federal Sentencing Guidelines

A set of rules that set out a uniform sentencing policy for individuals and organizations convicted of felonies and serious (Class A) misdemeanors in the United States federal courts system.