What is the difference between the Expected Monetary Value and Expected Value with Perfect Information?
What will be an ideal response?
The Expected Monetary Value looks at the best long run, weighted average outcome by probability, while the Expected Value with Perfect Information assumes that one will have the ability to select the best alternative, knowing the probabilistic outcome.
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If a prospective client does not want to buy from you because she feels the price is too high, you are facing an objection due to ________
A) psychological resistance B) logical resistance C) apathy D) relationship inertia E) reactance
Online presentations may be challenging in what ways?
A) Your audience is unable to ask questions. B) You or your participants may encounter technological problems. C) You are unable to share presentation slides. D) Handouts are more difficult to distribute to the audience.
Supervening illegality of the object of a contract occurs in which of the following circumstances?
A) The offeror had an honest and reasonable belief that the object of the contract was legal when the offer was made, but later learned that the offer was illegal. B) The object of the contract is illegal to be performed by the offeree, but could be legally performed by a different party. C) The object of the contract is illegal where made, but would be legal in another location. D) The illegality existed when the offer was made. E) The object of the contract was legal when the offer was made, but has subsequently become illegal.
Which of the following is a legally required fringe benefit that must be provided by employers with 50 or more employees within a radius of 75 miles of their home office?
A. Severance pay B. Auto insurance C. Alcohol and drug rehabilitation D. Family and medical leave