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undeR undeR
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6 years ago
Mark has two alternatives. There is a 50 percent chance that he will earn $120,000 if he accepts a government contract. If he decides not to accept the contract and instead continues on his present project, he has an 80 percent chance of earning $100,000. If Mark is a perfectly rational decision maker, which of the following statements is true?
a. He will accept the government contract.
b. His expected value of continuing on the present project is $80,000.
c. He will attempt to satisfice.
d. He will ignore economic criteria in making his decision.
e. He will revise his earnings estimate on the government contract to make it more attractive.
Textbook 
Organizational Behaviour: Understanding and Managing Life at Work

Organizational Behaviour: Understanding and Managing Life at Work


Edition: 10th
Authors:
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AngelsAngels
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