Decision trees can be used to solve for steady state probabilities

Servant leadership is the same thing as laissez-faire leadership.

a. True b. False

Which of the following credit decisions appears correct for a customer that intends to order $1,000 of goods annually that have a 20% profit margin if the probability of default is 20% and the discount rate is 10%?

A) Reject because expected profit equals $0 B) Accept because expected profit equals $1,440 C) Reject because expected loss equals $320 D) Accept because expected profit equals $3,200