Question $32(2$ points$)$

Research and development $($R & $)$ refers to organized efforts that are directed toward increasing scientific knowledge and product $($or process$)$ innovation.

$$ True

$3$

$$ False

Question $33(2$ points$)$

In decision theory, states of nature refer to possible future conditions

$$ True

False

Question $34(2$ points$)$

Capacity decisions require planning for them in advance of making them.

True

False

Question $35(2$ points$)$

$.$ Expected monetary value gives the long$-$run average payoff if a large number of identical decisions could be made.

$$ True

False