Risk-averse managers often take the tack of selecting the secure strategy. That is the business decision that provides the:
A) lowest payoff among the best payoffs.
B) highest payoff among the best payoffs.
C) lowest payoff among the worst payoffs.
D) highest payoff among the worst payoffs.

Question

Quizplus · Accepted Answer

Risk-averse managers prefer strategies that minimize potential losses, so they choose the option with the highest payoff among the worst payoffs to ensure security.

Risk-Averse Managers Often Take the Tack of Selecting the Secure