Based on the Following Utility Schedule Determine the Decision Maker's $\quad$

question 34

Essay

Based on the following utility schedule determine the decision maker's attitude toward risk.
$\quad$ $\quad$ $\quad$ $\quad$$\text { UTILITY SCHEDULE }$
$\begin{array} { | c | c | } \hline \text { MONEY(000's) } & \text { UTILITY INDEX } \\\hline 10 & 5 \\\hline 20 & 10 \\\hline 30 & 15 \\\hline 40 & 20 \\\hline 50 & 25 \\\hline\end{array}$

---

Definitions:

Direct Supervision

The practice of overseeing employees' performance and tasks in a close and hands-on manner to ensure effectiveness and adherence to protocols.

Job Descriptions

A formal document that outlines the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Division of Labor

The separation of tasks in any economic system or organization so that participants may specialize, increasing efficiency and productivity.

Flatter Span

A management structure with fewer levels of hierarchy and a broader span of control, allowing for more direct communication and less formal supervision.