A friend has informed you of an opportunity for a part-time job that you are considering accepting during your last semester before graduation. It would start at the beginning of your last semester and require working 20 hours per week at a rate of $15 per hour. It would also provide some good experience that could lead to a full-time job after graduation. However, it would require a 2-hour round-trip commute 4 days a week. In addition, you currently receive a monthly scholarship of $1,000 that stipulates that you cannot work off-campus. You expect to register for 15 credit hours (five classes) during your last semester and have been told that each of the courses is very demanding. In addition to class time, you expect to study about 30 hours each week.
Based on the decision-making model introduced in the chapter:
A. Define the problem you face in deciding whether to accept the job.
B. Based on your personal situation, define your objectives related to the problem you identified in part A.
C. What are your options? What factors are likely to be relevant in making your decision?
D. What opportunity costs are associated with the decision?
E. Are there ethical implications that you should consider?