Immediately after Randor Leather awarded a long-term contract for supply of raw
materials, its Operations Manager gets information from a vendor about a much cheaper
source of raw material. This information is likely to be of little use to the business
because it is not ________.
A) appropriate
B) of good quality
C) timely
D) in sufficient quantity
E) wide in scope
Lisa is trying to decide on the location of her entrepreneurial venture€Flower Power, a
specialty wedding flower service. She has three possible locations (A, B, C) in mind.
Lisa has projected that in the first year of operation, under ideal conditions, her
company would generate $80,000 at Location A, $55,000 at Location B, and $45,000 at
Location C. However, after further analysis, Lisa has determined that there is only a 20
percent chance of ideal conditions occurring during the first year of operation in
Location A. Locations B and C have a .4 and a .8 probability, respectively, for ideal
conditions during the first year of operations. Based on this information, which location
should Lisa choose?
A) Lisa should choose location A.
B) Lisa should choose location B.
C) Lisa should choose location C.
D) Lisa should choose either Location A or B because both are viable.
E) Lisa should choose either Location A or C because both are viable.