Use the Following to Answer the Questions Below

question 44

Multiple Choice

Use the following to answer the questions below.
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.
Table A.4
-Use the information in Table A.4.Which alternative is best,given the matrix payoff?

• A)The A alternative would be chosen using the maximin decision rule.
• B)The B alternative would be chosen using the maximax decision rule.
• C)The C alternative would be chosen using the Laplace decision rule.
• D)The C alternative would be chosen using the maximin decision rule.

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Definitions:

Probate

The legal process through which a deceased person's will is validated, and their estate is distributed to heirs and designated beneficiaries.

Enforceable Trust

A trust arrangement that meets all legal requirements and therefore can be executed as per its terms.

Legal Capacity

The ability of an individual or entity to enter into binding contracts, sue, and be sued, recognized by law.

Specific Property

Refers to a distinct, identifiable piece of property, as opposed to a general right or interest.