In the Toyota Production System, waste and inefficiency are referred to as muda.
Answer:
Investment, you buy a property to rent in hope to make your money back over time. So it would be considered an investment
Explanation:
Answer:
The only dominant strategy in this game is for <u>Crystal</u> to choose <u>Right</u>. The outcome reflecting the unique Nash equilibrium in this game is as follows: Brian chooses <u>Right</u> and Crystal chooses <u>Right</u>.
Explanation:
Given:
Crystal
Left Right
Brian Left 6, 3 6, 4
Right 3, 3 7, 4
A dominant strategy refers to a strategy that makes a player being better off regardless of the choice his opponent in a game.
It can be seen from the payoff matrix above that when Brian plays Left, Crystal chooses Right because 4 > 3. Also, when Brian plays Right, Crystal chooses Right because 4 > 3. The indication of this is that Crystal will always choose Right no matter what Brian chooses. This means that the dominant strategy for Crystal is Right.
On the other hand, when Crystal Chooses Left, Brian will also choose Left because 6 > 3. And when Crystal chooses Right, Brian will also play Right because 7 > 6. This is an indication that Brian does not have any specific strategy that makes him better off. Therefore, Brian does not have a dominant strategy.
Based on the analysis above, we have:
The only dominant strategy in this game is for <u>Crystal</u> to choose <u>Right</u>. The outcome reflecting the unique Nash equilibrium in this game is as follows: Brian chooses <u>Right</u> and Crystal chooses <u>Right</u>.
Below are the choices:
A. payment services
B. saving services
C. borrowing services
D. trust services
E. asset management
The answer is B - saving services.
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