A decision maker who uses the maximin criterion when solving a problem under conditions of uncertainty is:
A) an optimist.
B) a pessimist.
C) an economist.
D) an optometrist.
E) making a serious mistake; maximin is not appropriate for conditions of uncertainty.
B
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________ is the amount of time a job spends in the service or manufacturing system
Fill in the blanks with correct word
Which of the following classifications of securities had NO negative one-year returns over the period 1950-1999?
A) Long-term government bonds B) Large-company stocks C) 3-month U.S. Treasury bills D) Each of the classification of securities listed experienced at least one negative one-year return over the listed time period.
Orlando Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended:Actual units produced: 12,000Actual variable overhead incurred: $77,700Actual machine hours worked: 18,800Standard variable overhead cost per machine hour: $4.50If Orlando estimates 1.5 hours to manufacture a completed unit, the company's variable-overhead spending variance is:
A. $3,600 unfavorable. B. $3,600 favorable. C. $6,900 favorable. D. $6,900 unfavorable. E. None of the answers is correct.
Giving people additional tasks at the same time to alleviate boredom is referred to as
A. job enlargement. B. task orientation. C. task significance. D. job enrichment. E. job development.