In Hurwicz criterion, coefficient ?’s mirror image (1 – ?) is called the ______.
A. coefficient of realism
B. coefficient of pessimism
C. coefficient of payoff
D. coefficient of regret
B. coefficient of pessimism
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Regarding relevant nonfinancial information, which of the following statements is incorrect?
A) Nonfinancial, or qualitative, factors play a role in managers' decisions and, as a result, can be relevant. B) Relevant qualitative information has the same characteristics as relevant financial information. C) Managers must always consider the potential quantitative and qualitative effects of their decisions. D) Qualitative factors can be ignored because these factors are difficult to measure.
6) Which of the following is considered an example of workplace communication?
A) Letter of inquiry. B) Instant message. C) Progress report. D) E-mail. E) All of the above
All of the following statements about distribution centers are true except
A. they are appropriate for all retailers, from the largest to the smallest. B. distribution center space is typically more expensive than retail space. C. they enable retailers to carry less merchandise in individual stores. D. they are the quickest way to get all products to retailers. E. they complicate the process of predicting accurate sales forecasts.