« previous next »

Author Question: Which psychological orientation would be typical of a manager who is pessimistic about her business ... (Read 78 times)

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
on: Jul 6, 2018
Which psychological orientation would be typical of a manager who is pessimistic about her business environment?
 
  A) a maximin orientation
  B) a minimin orientation
  C) a maximax orientation
  D) a minimax orientation

Question 2

A manager is worried that if he chooses the wrong investment strategy, his company could lose out on a great deal of money. Which strategy should he follow?
 
  A) a maximax orientation
  B) a minimin orientation
  C) a maximin orientation
  D) a minimax orientation
Fundamentals of Management: Essential Concepts and Applications ¦ Robbins, Coulter, De Cenzo ¦ 10th Edition
Buy Test-Bank


deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: A
Explanation: A pessimistic manager wants to minimize her payoff. She is uncertain about the outcome of her effort, so she strives to maximize the minimum return she can get for her investment. This maximum possible minimum payoff corresponds to a maximin orientation.

Answer to Question 2

Answer: D
Explanation: The manager is worried about regretthe amount of money that could have been made had he chosen a different strategy. To minimize regret, the manager should choose a minimax strategy that minimizes the maximum amount of regret he can experience.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

A typical handheld cylinder leakage tester. A typical handheld cylinder leakage tester.
A typical engine coolant temperature (ECT) sensor. ECT sensors are located near the thermostat ... A typical engine coolant temperature (ECT) sensor. ECT sensors are located near the thermostat ...
Cross section of a typical port fuel-injection nozzle assembly. These injectors are serviced as an ... Cross section of a typical port fuel-injection nozzle assembly. These injectors are serviced as an ...
Typical neuron. Typical neuron.
Business Math Business Math
Typical vein patterns in eudicot and monocot leaves Typical vein patterns in eudicot and monocot leaves
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library