Chicks Corporation had $1,100,000 in invested assets, sales of $1,210,000, income from operations amounting to $242,000, and a desired minimum rate of return of 15%. The residual income for Chicks is:

A decision maker who uses the maximin criterion when solving a problem under conditions of uncertainty is:

A) an optimist. B) a pessimist. C) an economist. D) an optometrist. E) making a serious mistake; maximin is not appropriate for conditions of uncertainty.

The use of the comparative norm principle in wage negotiations

a. is often valid for economic, sociological, and psychological reasons. b. depends solely upon profit levels. c. a and b. d. None of the above.