Decision-Making Conditions: Keep on Truckin' (Scenario)
Fiona Lui is general manager of Westcoast Trucks, a medium-sized hauling service located in Vancouver, B.C. She is responsible for scheduling trucks, initiating new routes, and staffing both existing and new routes. She is currently struggling to find more information about the profitability of existing and future truck routes.
-Fiona knows that she is operating in an uncertain environment,but she is an optimist and will most likely follow a ________ strategy.
A)multimax
B)minimin
C)minimax
D)maximax

Question

Quizplus · Accepted Answer

Fiona's optimistic attitude suggests that she is willing to take risks and try to maximize the benefits of her decisions. The maximax strategy involves identifying and selecting the option with the highest potential payoff, which aligns with Fiona's approach. Since Fiona is not risk-averse, the minimax strategy (which involves selecting the option with the lowest potential loss) would not be a good fit for her. The multimax strategy involves selecting multiple options that meet certain criteria, but there is no indication in the scenario that this would be Fiona's preferred approach. The minimin strategy involves selecting the option with the lowest possible outcome, which is also not aligned with Fiona's optimistic mindset.