Assignment: Buying Options
Length: 3 to 5 pages.
Your manager, Jim, presents you with two specific issues and wants you to submit a memo with your answer.
Question I: Jim is about to purchase a piece of office equipment at the local office supply store. He just received a flyer that another store across town has the item for $1,024.99. He was planning on spending $1,050.95 for it. Would you agree that he should drive across town to purchase the item at the other store? (Be very specific in your response, and use some of the concepts of risks and axioms from the readings).
Question II: He is about to purchase a piece of office equipment at the local office supply store. He just received an e-mail that a store across town has the item for $9.95. He was planning on spending $19.95 for it. Would you agree that he should buy it from the store across town? (Be very specific in your response, and use some of the concepts of risks and axioms from the readings).
Would your answers change if all these stores were online stores? Why?
Format your assignment according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.