You Are About to Have a Meeting with Your Manager

question 187

Multiple Choice

You are about to have a meeting with your manager about a raise in your salary.You are going to request an increase of $5,000,but you believe the probability of success to be only 25%.You believe there is a 25% probability your boss will counter with a $3,000 raise and a 25% probability that your boss will offer a $1,000 raise.Finally,there is a 25% probability that you will receive no increase in your salary.What is the expected value of the outcome of your meeting?

• A)$2,250
• B)$9,000
• C)$6,750
• D)$3,000

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Definitions:

Conduct

Refers to the manner in which an individual behaves, especially within a professional or formal context.

Employer-Employee

The legal relationship between a person or company who hires and the individual who is hired to perform a specific task.

Agency Agreements

Legal contracts specifying the terms under which an agent will act on behalf of a principal in business dealings.

Writing Requirement

A legal stipulation that certain contracts must be in written form to be enforceable.