Determining the Worst Payoff for Each Alternative and Choosing the Alternative

question 23

Multiple Choice

Determining the worst payoff for each alternative and choosing the alternative with the best of the worst payoffs is called a ________ criterion.

• A) maximin
• B) minimin
• C) maximax
• D) minimax

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Definitions:

Horizontal Communication

Sending messages among people at the same organization level

Social Networking Site

A platform where individuals can connect, share, and interact with each other online.

Working Relationships

Interactions and connections between colleagues within a professional environment, often based on respect, communication, and teamwork.

Open-door Policy

A management practice whereby employees are encouraged to communicate openly with their superiors or managers.