The Maximin Criterion Refers To

question 78

Multiple Choice

The maximin criterion refers to:

• A) minimizing the maximum return.
• B) maximizing the minimum return.
• C) choosing the alternative with the highest payoff.
• D) choosing the alternative with the minimum payoff.
• E) None of the answer choices is correct.

---

Definitions:

Monetary Transfer

The process of moving money from one entity to another, often as a method of payment, financial support, or in the form of aid.

Means-Tested

Refers to a method of determining eligibility for government assistance based on the income and assets of an applicant, ensuring aid only goes to those in financial need.

Dependent Children

Minors who rely on adults, usually their parents, for financial support and caregiving.

Temporary Assistance

Short-term aid provided to individuals or groups, often in the form of financial support or government benefits.