You Make the Call-Situation 1

question 20

Essay

You Make the Call-Situation 1
Bill and Francis Waugh founded Casa Bonita. They started with a single fast-food Mexican restaurant in Abilene, Texas. At the time, they both worked seven days a week. From that small beginning, they expanded to 84 profitable restaurants located in Texas, Oklahoma, Arkansas, and Colorado. Over the years, other restaurant owners expressed an interest in buying the firm; however, the Waughs were not interested in selling. Then an English firm, Unigate Limited, offered them $32 million for the business and said Bill could remain the firm's CEO. The Waughs were attracted by the idea of having $32 million in liquid assets. They flew to London to close the deal. On the flight home, however, Bill began having doubts about their decision to sell the business. He thought, "We spent 15 years of our lives getting the business where we wanted it, and we've lost it." After their plane landed in New York, they spent the night and then flew back to London the next day. They offered the buyers $1 million to cancel the contract, but Unigate's management declined the offer. The Waughs flew home disappointed.

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Definitions:

Pascaline

An early mechanical calculator invented by Blaise Pascal in the 17th century, capable of performing addition and subtraction.

Main Memory

The primary storage area in a computer where data and programs that are in active use are stored; also known as RAM (Random Access Memory).

Central Processing Unit

The primary component of a computer that performs most of the processing inside a computer, executing instructions from programs.

Operating System

The software that manages hardware resources and provides common services for computer programs, acting as an intermediary between users and the computer hardware.