Q. The criteria of expected monetary value is used for making decisions under
✅ Correct Answer: (D)
all of the above
Principles of Management MCQs | Page - 58
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Q. Which of the following might be viewed as an optimistic decision criterion?
✅ Correct Answer: (C)
Maximax
Q. The minimum EOL will always result in the same decision as
✅ Correct Answer: (C)
Maximum EMV
Q. Which of the following criterion is not used for decision making under uncertainty?
✅ Correct Answer: (D)
Minimize expected loss
Q. The expected value of perfect information is equal to
✅ Correct Answer: (A)
EPPI – Minimum EMV
Q. The value of the coefficient of optimism is needed while using the criterion of
✅ Correct Answer: (C)
Realism
Q. While using Hurwicz criterion, the coefficient of realism
✅ Correct Answer: (A)
Represents the degree of optimism
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