Question 33 We began to introduce you to the ABCs of game theory in this course

Question

Question 33

We began to introduce you to the ABCs of game theory in this course with hopes that you will continue reading, practicing, and learning strategic thinking in the years ahead, so that you can "work smarter rather than harder." The first four rules for sequential and simultaneous "game" situations are: 1) Look forward and reason backward. 2) If you have a dominant strategy, use it. 3) Eliminate dominated strategies from consideration. 4) Look for an equilibrium, a pair of strategies in which each player's action is the best response to the other's.

Select one:

True

False

Question 34

Scientific research in genetic determinism, psychic determinism, and environmental determinism has proven that we are shaped by our genes, our early childhood experiences in our family, and our social, economic, and political circumstances. While we do not have any real power to resist these forces, and must react in accordance with them, we can be proactive in the sense that we can take the initiative to go with the flow with a positive attitude, rather than make ourselves and others miserable and ineffective through a negative attitude.

Select one:

True

False

Question 35

In seeking to create and to utilize the power of "synergy" in relationships, we need to identify those people who have natural affinities with us and develop a stronger bond with them. In organizations, the habit "synergize" would lead us to form work teams of people who are more naturally "kindred spirits" and can get along, so that they can work most effectively as a team.

Select one:

True

False

Question 36

Strategic thinking is the art of outdoing an adversary, knowing that the adversary is trying to do the same to you. All of us must practice strategic thinking at work as well as at home. The leaders and managers of organizations too must engage in strategic thinking in order to help their organizations to succeed. The science of strategic thinking is called "game theory."

Select one:

True

False

Explanation / Answer

Question 33:

The answer is given below:

True

In the game theory helps to practice the strategic planning as to increase the performance of the organization on understanding the future needs.

Question 34:

The answer is given below.

True

Every business decision needs to considered on the external environment to act proactive and improve positive attitude towards the growth.

Question 35:

The answer is given below.

True

The team bonding increases when the team have same spirit and commitment and that impact on increased performance of the work.

Question 36:

The answer is given below:

True

Strategic thinking helps the company to forecasts the future. The profit and loss can be determined by the management through strategic thinking.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.