In Choosing Between Three New Jobs, Joe MBA Considers the Potential

question 1

Multiple Choice

In choosing between three new jobs, Joe MBA considers the potential payoffs over the next three years. The following table contains the payoffs, given the speed of promotion in each of the organizations. The probability of fast promotion is 0.6, and the probability of slow promotion is 0.4.
$$\begin{array} { | l | l | l | } \text { Alternative } & \text { Slow Promotion } & \begin{array} { l } \text { Fast } \\\text { Promotion }\end{array} \\\hline \text { A High-flying consultant } & ( \$ 180,000 ) & \$ 600,000 \\\text { B. Utility analyst } & \$ 200,000 & \$ 400,000 \\\text { C. Research assistant } & \$ 250,000 & \$ 260,000 \\\hline\end{array}$$
-Use the information in Table A.3 and the Laplace decision rule.The weighted payoff is

• A) less than $200,000 if the high-flying consultant job is selected.
• B) more than $280,000 if the Research Assistant job is selected.
• C) more than $280,000 if the utility analyst job is selected.
• D) highest for the research assistant position.

---

Definitions:

Vicarious Reinforcement

Learning through observing the consequences of another person's behavior being rewarded or punished.

Observational Learning

The process of learning behaviors and norms by watching and imitating others.

Imitate

The action of copying or mimicking the behaviors, actions, or appearances of someone else.

Cognitive Processes

Mental activities involved in acquiring, storing, retrieving, and using information, including perception, memory, language, and problem-solving.