You have chartered a yacht with three friends, for the holiday trip of a lifetime across theAtlantic
Question:
You have chartered a yacht with three friends, for the holiday trip of a lifetime across theAtlantic Ocean. Because none of you have any previous sailing experience, you havehired an experienced skipper and two-person crew.Unfortunately, in mid Atlantic a fierce fire breaks out in the ship's galley and the skipperand crew have been lost whilst trying to fight the blaze. Much of the yacht is destroyedand is slowly sinking.Your location is unclear because vital navigational and radio equipment have beendamaged in the fire. Your best estimate is that you are many hundreds of miles from thenearest landfall.You and your friends have managed to save 15 items, undamaged and intact after thefire. In addition, you have salvaged a four-man rubber life craft and a box of matches.The items are: A sextant A quantity of mosquito netting A shaving mirror A 25-liter container of water A case of army rations Maps of the Atlantic Ocean A floating seat cushion A 10 liter can of oil / petrol mixture A small transistor radio 20 square feet of opaque plastic sheeting A can of shark repellent One bottle of 160 proof rum 15 feet of nylon rope 2 boxes of chocolate bars An ocean fishing kit and poleInstructions:As the "Team Leader" - you are in charge of the survivors. Your Aim is straight-forward - "To Survive".
a) What are your immediate actions?
b) Specifically, outline the steps you will take and the tools you will use to achieveyour aim.
Consider: Time Appreciation, Decision-Making Model, Personalities,Emotional Intelligence and how you will reach a workable solution.
c) Explain the value you expect from the various team members.
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher