You are a purchasing agent for your company, and you have been asked to establish a supplier for a new product line. You are evaluating four different suppliers: one local, one in Malaysia, one in Romania, and one in South Africa You are evaluating the suppliers based on cost. However, if exchange rates change, then the cost may be very different. You eventually decide on the following cost table. Your company uses the pessimistic decision making method. Local Malaysia Romania South Africa Dollar Rises Dollar Rises Sharply Slightly 680 705 710 670 690 700 730 640 Dollar Falls Slightly 690 680 715 720 Dollar Falls Steeply 720 690 650 710 What is the worst outcome if you choose the Local supplier? What is the worst outcome if you choose the Malaysian supplier? What is the worst outcome if you choose the Romanian supplier? What is the worst outcome if you choose the South African supplier? Which supplier should you choose if using the pessimistic decision making method? South Africa OMalaysia ORomania OLocal Which supplier should you choose if using the pessimistic decision making method? South Africa OMalaysia ORomania OLocal How does the fact that this is a cost table change the pessimistic decision making process compared to a decision involving net income? Owe should choose the supplier with the lowest value instead of the highest value. OWe should choose the lowest value of each supplier's highest cost. Owe should choose the highest value of each supplier's lowest cost. There is no change, we still choose the supplier with the highest value