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

Answer: D
Explanation: The manager is worried about regret–the 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.