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A Business Owner Is Trying to Decide Whether to Buy

Question 76

Multiple Choice

A business owner is trying to decide whether to buy, rent, or lease office space and has constructed the following payoff table based on whether business is brisk or slow.  Alternative  Brisk  Slow  Buy 9010 Rent 7040 Lease 6055\begin{array} { l | c r } \text { Alternative } & \text { Brisk } & \text { Slow } \\\hline \text { Buy } & 90 & - 10 \\\text { Rent } & 70 & 40 \\\text { Lease } & 60 & 55\end{array} The maximin strategy is


A) Buy.
B) Rent.
C) Lease.
D) Brisk.

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