When decisions are reached using probability theory, the alternative normally chosen is the one with ________
A) the lowest expected value
B) the highest expected value
C) the lowest cost/benefit ratio
D) the lowest risk
E) the highest risk
Answer: B
Business
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The final step in the process of creating the master budget is the preparation of the ________
A) operating budget B) budgeted balance sheet C) budgeted statement of cash flows D) cash budget
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When setting professional fees, which of the following should LEAST likely be considered?
A) professional experience B) exclusivity of skills C) number of channels D) value to clients E) target market
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