The decision situations wherein the decision-maker chooses to consider several possible outcomes and the probabilities of their
occurrence can be stated are called _____________. a. decisions under risk.
b. decisions under maximum probability.
c. decisions based on expectation.
d. decisions under likelihood.
The correct answer is letter "A": decisions under risk.
Explanation:
Decision making under risk involves selecting choices where there are several options and the probabilities of success for each option are known by the decision-maker. The choice with the highest probability is the one likely to be selected. The decision is made based on past experiences, outstanding information about the choices, or the individual point of view.
<span>This is the principal-agent problem. This occurs when an individual is able to make decisions or choices that impact others at the company or in fact the company as a whole.</span>
If Electric Autos had a 15% return on start-of-year assets, and its assets at the start of the year were $150 million, the company's total profit is given by:
If sales amounted to $100 million, the profit margin (M) is determined as:
Clients in group 4 who sustained major injuries with open fractures and distal pulses, and those with large wounds would be those that are likely to be attended to first because they will be considered urgent. Those in class 2 can still wait still for 30 minutes to 2 hours. Those in group 4 will receive medical attention first.
Experiencing declining production capacity because net investment is negative.
Explanation:
Monetary value of all goods and services produced in the country are known as Gross Domestic Products. The economy is said to be inclining if the value of GDP rises. The value of GDP is directly associated with increasing production.
