1. "Organizations should be less concerned with improving communication than with reducing the volume of information they disseminate to employees." Do you agree or disagree with this statement. Explain.
2. Describe the difference between short- and long-range forecasts in more than 90 words
3. The expected value with perfect information? is:
A. obtained using conditional probabilities.
B. the maximum EMV for a set of alternatives.
C. the expected return obtained when the decision maker knows which state of nature is going to occur before the decision is made.
D. the difference between the payoff under perfect information and the payoff under risk.
E. the same as the expected value of perfect information.