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Change and Management
Able Corporation as an organization has come to the conclusion change has to take place in order for the corporation to remain as a viable business. In order to this process to be successful it must be embraced by the entire organization beginning with the top continuing through to include all employees at every level of the organization. Currently the president of the organization (who is an advocate of the past administration) is finding it difficult to forego all of the old processes and protocols. We now have the task of convincing him he must embrace the changes and let go of the past to move forward with the company.
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A decision maker has chosen .4 as the probability for which he cannot choose between a certain loss of 10,000 and the lottery p(-25000) + (1-p)(5000). If the utility of -25,000 is 0 and of 5000 is 1, then the utility of -10,000 is
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