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Author Question: In large companies it is often the case that A) bureaucracy compliments performance. B) profits ... (Read 54 times)

justinmsk

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on: Jun 30, 2018
In large companies it is often the case that
 A) bureaucracy compliments performance.
  B) profits increase with market share.
  C) bureaucracy overwhelms performance.
  D) revenues increase faster than costs.

Question 2

Suppose Player X's probability of winning a gamble is 0.8 while that of Player Y is 0.5 . Which of the two will be willing to pay for a test and why?


xoxo123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

The player who has a lower probability of success will be more likely to opt for a tester to assure himself of a higher return. The test would help to reduce his uncertainty about the outcomes.


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