Which of the Following Is a Feature of the Expected-Value

Multiple Choice

Which of the following is a feature of the expected-value standard?

A) The expected-value criterion helps the decision taker to choose the course of action that involves the maximum risk and return.
B) The expected-value criterion cannot be employed in situations involving multiple and related risks.
C) The expected-value criterion is employed for short-term and one-time decisions involving high risks.
D) The expected value of a risky prospect represents the average monetary outcome if it were repeated indefinitely.
E) The expected-value standard is appropriate for playing the short-run averages.