The Expected Value Criteria Is a Good Tool If

question 29

Multiple Choice

The expected value criteria is a good tool if

• A)The decision will be made only one time
• B)The decision will be made over-and-over again
• C)The decision will be made under conditions of certainty
• D)The decision has to be made quickly

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Definitions:

Line Structure

The simplest organizational structure, in which direct lines of authority extend from the top manager to the lowest level of the organization.

Tall Organizations

Organizations characterized by having many levels of hierarchy and management layers between the top executives and the lower-ranking employees.