Which of the following statement is FALSE about the expected value approach to make decisions under risk?
a. It assumes that the decision maker is rational and will choose the optimum decision with the highest expected value.
b. It ignores the elements other than monetary profits.
c. It takes irrational factors into consideration.
d. It ignores factors such as quality of life or the current monetary status of the decision maker.
c. It takes irrational factors into consideration.
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Barbara is interviewing for a paralegal position at one of the biggest law firms in the country. During the interview, she is asked a particular question that she refuses to answer. Frustrated by her behavior, the interviewer repeats the question. She refuses to answer it again and says that it violates her rights under equal employment opportunity law. Which question is she most likely being asked?
A. Have you ever been convicted of a crime? B. What organizations or groups do you belong to that you consider relevant to being able to perform this job? C. What is your ancestry? D. What is your complete name? E. Can you meet the requirements of strict work schedules?
Social media advertising is helpful to brand managers because consumers are ________.
A. traditional receivers who browse products online B. end-receivers who buy products online C. active receivers who send user generated content to both friends and advertisers D. traditional consumers who buy products in retail stores E. captive receivers who buy products online
The marketing goal for a product in the growth stage of its product life cycle is to ________
A) stabilize profit margins B) encourage brand loyalty C) reach peak sales levels D) compete on the basis of price E) maintain market share
Wikis reduce errors in team documents by restricting editing access to one person designated as the proofreader
Indicate whether the statement is true or false