Risk-averse managers often select a secure strategy 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 ensure the highest payoff among the worst-case scenarios, minimizing potential losses.

Risk-Averse Managers Often Select a Secure Strategy That Provides the