Which of the following is not considered a criteria for decision making under uncertainty?
A) optimistic
B) pessimistic
C) equally likely
D) random selection
E) minimax regret
D
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As computer software to be sold, leased, or otherwise marketed is developed, software production costs should be accounted for according to which of the following sets? Set Expense up to Capitalize after technological feasibility general release I. Yes Yes II. Yes No III. No Yes IV. No No ?
A) Set I B) Set II C) Set III D) ?Set IV
Duval Inc. uses only equity capital, and it has two equally-sized divisions. Division A's cost of capital is 10.0%, Division B's cost is 14.0%, and the corporate (composite) WACC is 12.0%. All of Division A's projects are equally risky, as are all of Division B's projects. However, the projects of Division A are less risky than those of Division B. Which of the following projects should the firm accept?
A. A Division B project with a 13% return. B. A Division B project with a 12% return. C. A Division A project with an 11% return. D. A Division A project with a 9% return. E. A Division B project with an 11% return.
The business operating cycle has two components: the production cycle and the collection cycle
Indicate whether the statement is true or false.
Ellen contracts with James to be her stockbroker, making stock trades for Ellen's account. Ellen need not pre- approve the trades that James makes, only trades for more than $20,000 . Ellen and James include a clause stating "that in case of any disputes arising out of this contract; the dispute shall be arbitrated using the rules of the New York Stock Exchange." Ellen learns that since signing
her contract with James, he has routinely been making trades worth more than $20,000 without her permission, and losing money. Assume that James appeals the decision of the arbitrators to a state court. He wants to argue that using the New York Stock Exchange rules was unfair to him. Most likely, James will: a. win hands down; the rules are unfair b. win, if he shows that the rules favor stockbrokers c. win, based on the legal doctrine of res judicata d. lose, because the arbitrators were acting like judges e. lose, because the courts routinely uphold arbitration proceedings