You operate a small catering firm specializing in sit-down dinner parties that you prepare and serve yourself with no . a client of yours loves your food so much that she has asked you to cater her daughter's wedding reception for 300 people, to be held in her back yard. it's your first chance at a big event and you're not really set up for it. you don't have the equipment, you don't have the staff, and you don't have the connections to musicians; however, you're tempted. what would be your wisest decision?           a. turn the job down; however, give the client the name of a high-quality catering firm that can meet her needs.   b. agree to make the food if the client will subcontract all the other services herself.   c. accept the job and use this chance to make all the contacts you need to expand your business.   d. turn down the job, explaining why you can't do it, and wish her luck finding someone else.  

Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.