What Decision Criterion Would Be Used by an Optimistic Decision

question 46

Multiple Choice

What decision criterion would be used by an optimistic decision maker solving a problem under conditions of uncertainty?

• A)expected monetary value
• B)equally likely
• C)maximax
• D)maximin
• E)minimin

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Definitions:

Outstanding Voting

Refers to the shares of a corporation that are issued and held by shareholders, including those with voting rights.

Consolidated Revenues

The total revenues recognized from all sources, including subsidiaries, by a parent company during a reporting period, after the elimination of any inter-company transactions.

Inventory Purchase Price

The amount paid to acquire inventory before any discounts or allowances.

Outstanding Voting

Refers to shares of a corporation that are currently owned by investors and have voting rights at shareholder meetings.