Author Question: Which psychological orientation would be typical of a manager who is pessimistic about her business ... (Read 68 times)

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
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


deja

  • Sr. Member
  • ****
  • Posts: 332
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
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

For a complete list of videos, visit our video library