The maximin criterion is pessimistic, while the maximax criterion is optimistic

Indicate whether the statement is true or false


TRUE

Business

You might also like to view...

A disciplinary action meets the standards of outcome fairness if the manager explains to the employee how the action is procedurally just, treats the employee with dignity and respect, and empathizes with the employee's feelings.

Answer the following statement true (T) or false (F)

Business

Raw materials inventory should not include indirect materials.

Answer the following statement true (T) or false (F)

Business

Answer the following statement(s) true (T) or false (F)

1. A defender strategy is one where an organization simply responds to environmental threats and opportunities rather than following a defined plan. 2. Typically, managers focus on three main levels of strategy during the strategic planning process: organizational, divisional, and functional. 3. To be a learning organization, the company must acquire, distribute, and retain knowledge. 4. Mimicry, vicarious learning, scanning and grafting are all ways to distribute knowledge. 5. Globalization is the integration of economy, trade, and finance on an international scale.

Business

Luhan was surprised at work today with a cash bonus. As the account executives were preparing to leave the office, their district manager distributed $100 bills and thanked everyone for their efforts. Luhan was incredibly surprised - he had no idea the company would hand out cash as an incentive or reward. He's wanted a certain pair of shoes he saw at the store but couldn't really justify the purchase. However, since he's received this unexpected cash bonus, Luhan decides to stop by the shoe store after work to purchase the shoes. Luhan's purchasing decision is influenced by which category of situational factors?

A. His mood and condition B. Social surroundings C. Time perspective D. Physical surroundings

Business