Question

Suppose you are responsible for ordering a replacement for your office photocopy machine. Part of your job is to decide whether to buy it or lease it.

REQUIRED
A. Describe something that could be considered relevant information in this decision and explain why it is relevant.
B. Describe something that could be considered irrelevant information in this decision and explain why it is irrelevant.
C. Explain why it was important to distinguish between relevant and irrelevant information in this problem.
D. Suppose the copy machine service person is paid a commission on all of the parts he sells. Would this compensation method bias his recommendations about the quality and number of parts that you should purchase? Explain.



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  • CreatedJanuary 26, 2015
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