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Discussion 2: P2P File-Sharing Services, Part 1
BitTorrent is among the most famous companies that enable peer-to-peer file sharing.
Apparently, the companys headquarters are located in San Francisco and, reportedly,
Chapter 22 Decentralization and Performance Measurement
Chapter 22
When there is only one possible outcome to a decision, risk or uncertainty is present.
. True
Risk refers to a situation in which the probability of each possible outcome to a decision is
Chapter 22 Decentralization and Performance Measurement
The maximum criterion is a method of dealing with uncertainty.
True
The maximin criterion is applied by first selecting the best outcome from each strategy and
then identifying the strategy that has
Chapter 22 Decentralization and Performance Measurement
The maximin and minimax regret criteria always lead to the same conclusion, but they identify
it using different methods.
. False
In general, uncertainty can be eliminated by gathering additional inf
Chapter 22 Decentralization and Performance Measurement
A certainty equivalent coefficient of one is used if the decision maker is risk neutral.
True
A decision tree shows a sequence of decisions and their outcomes under all states of nature.
. True
Branc
Chapter 22 Decentralization and Performance Measurement
Branches coming out of circles on decision trees show alternative courses of action that can be
selected by decision makers.
. False
Test marketing is an example of simulation.
. False
The maximin cr
Chapter 22 Decentralization and Performance Measurement
If a person is risk averse, then they will only play games that have an expected value that is
negative.
. False
A lower risk-adjusted discount rate should be used to evaluate an investment project t
Chapter 22 Decentralization and Performance Measurement
If a person's total utility more than doubles when their wealth doubles, then that person is a
risk averter.
. False
The expected value of a fair game is zero.
False
If a person is risk averse, then
Chapter 22 Decentralization and Performance Measurement
A decision tree shows a sequence of decisions and their outcomes under all states of nature.
. True
Branches coming out of circles on decision trees show alternative courses of action that can be
sel
Chapter 22 Decentralization and Performance Measurement
The expected value of a fair game is zero.
False
If a person is risk averse, then they will only play games that have an expected value that is
negative.
. True
A lower risk-adjusted discount rate sh
Chapter 22 Decentralization and Performance Measurement
A lower risk-adjusted discount rate should be used to evaluate an investment project that
involves a higher level of risk.
. False
The riskier a project is, the smaller its certainty equivalent will
Chapter 22 Decentralization and Performance Measurement
If the probability that the economy will be in recession is 0.40, then the probability that the
economy will not be in a recession must be 0.60.
. True
The expected profit of a strategy is equal to t
Chapter 22 Decentralization and Performance Measurement
All normal distributions have a mean equal to zero.
. False
If a person's total utility more than doubles when their wealth doubles, then that person is a
risk averter.
. False
The expected value of
Chapter 22 Decentralization and Performance Measurement
Chapter 22
Risk refers to a situation in which the probability of each possible outcome to a decision is
unknown or meaningless.
False
A payoff matrix shows the profit that would be earned under cert
Chapter 22 Decentralization and Performance Measurement
The expected value of a strategy is a measure of risk.
False
The normal probability distribution is an example of a discrete probability distribution.
. False
The Z value for a particular outcome is
Chapter 22 Decentralization and Performance Measurement
The maximin criterion is applied by first selecting the best outcome from each strategy and
then identifying the strategy that has the lowest of the best outcomes.
False
The maximin and minimax regre
Chapter 22 Decentralization and Performance Measurement
The riskier a project is, the smaller its certainty equivalent will be.
. True
A certainty equivalent coefficient of one is used if the decision maker is risk neutral.
True
A decision tree shows a se
Chapter 22 Decentralization and Performance Measurement
The Z value for a particular outcome is equal to the difference between the outcome and the
expected outcome measured in terms of standard deviations.
False
Z values cannot be negative or zero.
True
Introduction
Every business must employ modern techniques in order to remain relevant in current competitive
market.
It is good that the office is modified to reflect the changes in the industry. This changes will also help
attract customers to the busine
KENYATTA UNIVERSITY
REG N0: K24S/11845/2012
NAME: CHEROTICH MERCY
UNIT CODE: EAE 404
UNIT NAME: ECONOMICS OF PUBLIC ENTERPRISE
TASK: CASE STUDY ON KENYA PORTS AUTHORITY
SUBMISSION DATE: 24/3/2016
Abstract
Transportation sector is a strong factor in terms
.
.
. Why do the prices of fresh vegetables fall when they are in season? Could an
individual farmer prevent the price falling?
Answer
Because supply is at a high level. The increased supply creates a
surplus which pushes down the price. Individual farmer
Short answer questions (SAQs)
At the Economic Adviser Assessment Centre candidates will be asked to answer ten
questions. You'll have 30 minutes. All questions carry the same marks. You may use
freehand diagrams where you wish, but these must be clear, la
.
.
.
.
.
.
.
.
.
.
.
.
41
.
The private sectors surplus is $ _ billion
a.15
b.-15
c.10
d.not enough information
.
The net exports surplus is $ _ billion.
a.0
b.5
c.10
d.15
46.
In January 2004 the US dollar (USD) was worth 50 rupees and 120 yen. The rupee
Short answer questions (SAQs)
At the Economic Adviser Assessment Centre candidates will be asked to answer ten
questions. You'll have 30 minutes. All questions carry the same marks. You may use
freehand diagrams where you wish, but these must be clear, la
Short answer questions (SAQs)
At the Economic Adviser Assessment Centre candidates will be asked to answer ten
questions. You'll have 30 minutes. All questions carry the same marks. You may use
freehand diagrams where you wish, but these must be clear, la
Short answer questions (SAQs)
At the Economic Adviser Assessment Centre candidates will be asked to answer ten
questions. You'll have 30 minutes. All questions carry the same marks. You may use
freehand diagrams where you wish, but these must be clear, la
Short answer questions (SAQs)
At the Economic Adviser Assessment Centre candidates will be asked to answer ten
questions. You'll have 30 minutes. All questions carry the same marks. You may use
freehand diagrams where you wish, but these must be clear, la
Short answer questions (SAQs)
At the Economic Adviser Assessment Centre candidates will be asked to answer ten
questions. You'll have 30 minutes. All questions carry the same marks. You may use
freehand diagrams where you wish, but these must be clear, la
Short answer questions (SAQs)
At the Economic Adviser Assessment Centre candidates will be asked to answer ten
questions. You'll have 30 minutes. All questions carry the same marks. You may use
freehand diagrams where you wish, but these must be clear, la
.
.
.
.
.
.
.
.
.
.
.
.
41
.
The following three questions refer to the table below
. The governments surplus is $ _ billion.
a.0
b.10
c10
d.None of the above
The private sectors surplus is $ _ billion
a.15
b.-15
c.10
d.not enough information
.
The net ex