Which of the Following Statements About a Dominated Strategy Is

question 35

Multiple Choice

Which of the following statements about a dominated strategy is false?

• A)A dominated strategy will never be selected by a player.
• B)A dominated strategy exists if another strategy is at least as good regardless of what the opponent does.
• C)A dominated strategy is superior to a mixed strategy.
• D)A dominated strategy can be eliminated from the game.

---

Definitions:

Accounts Receivable Turnover

A financial ratio indicating how quickly a company collects cash from credit sales by measuring the number of times receivables are collected over a period.

Net Sales

Total revenue from sales minus returns, allowances, and discounts.

Average Collection Period

A financial metric used to evaluate the average number of days a company takes to collect payments from its credit sales.

Acid-test Ratio

A stringent indicator of a company's liquidity, calculated by dividing liquid assets by current liabilities, to determine if it can meet short-term obligations.