Busıness Decısıon Models Deneme Sınavı Sorusu #1372305

Which of the following describes when the expected value criterion is commonly used in decision making at risk?


when comparing alternatives that involve money

when the expected profit maximized 

when potential consequences multiplied 

when there is failure to select the best alternative 

when minimum expected opportunity loss is calculated


Yanıt Açıklaması:

In decision making at risk, the expected value criterion is commonly used when comparing alternatives. And when the decision’s consequences involve only money, we can calculate the Expected Monetary Value (EMV).

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