A Business Owner Is Trying to Decide Whether to Buy

question 76

Multiple Choice

A business owner is trying to decide whether to buy, rent, or lease office space and has constructed the following payoff table based on whether business is brisk or slow. $$\begin{array} { l | c r } \text { Alternative } & \text { Brisk } & \text { Slow } \\\hline \text { Buy } & 90 & - 10 \\\text { Rent } & 70 & 40 \\\text { Lease } & 60 & 55\end{array}$$ The maximin strategy is

• A) Buy.
• B) Rent.
• C) Lease.
• D) Brisk.

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Definitions:

Work Unit

A work unit is a group of individuals within an organization tasked with specific responsibilities or objectives.

Highly Interdependent

A state in which tasks, processes, or individuals are closely associated and reliant on each other for success or completion.

Descriptive Research

Research methodologies focused on observing, describing, and documenting aspects of a situation as it naturally occurs.

Rational Manner

Thinking or behaving based on logic, reason, and careful consideration of facts rather than emotions or personal biases.