The Accompanying Payoff Matrix Depicts the Possible Outcomes for Two

question 120

Multiple Choice

The accompanying payoff matrix depicts the possible outcomes for two players involved in a game of Rock, Paper, Scissors. If a player receives a payoff of 1, the player wins; if the player receives a payoff of ?1, the player loses; if both players receive 0 (zero) , the players tie. If Stan chooses scissors and Kyle chooses rock, Stan's payoff is __________ and Kyle's payoff is __________. $\begin{array}{llll} &&&\text { Kyle }\\&& \text { Rock } & \text { Paper } & \text { Scissors } \\\text { Stan }&\text { Rock } & 0,0 & -1,1 & 1,-1 \\&\text { Paper } & 1,-1 & 0,0 & -1,1 \\&\text { Scissors } & -1,1 & 1,-1 & 0.0\end{array}$

• A) 0; 0
• B) 1; 0
• C) ?1; 1
• D) 0; 1
• E) 1; 1

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Definitions:

Closing Journal Entries

Entries made in the accounting records at the end of an accounting period to transfer balances from temporary to permanent accounts.

Salary Expense

An expense account that records the total amount of salary payments made to employees over a period of time.

Accrued Salaries

Salaries that have been incurred but not yet paid, representing a liability for the company.

Closing Entries

Entries recorded at the close of an accounting period to move balances from temporary to permanent accounts.