Phi Kappa Is Planning to Hold a Seminar for Students

question 112

Multiple Choice

Phi Kappa is planning to hold a seminar for students at the University Centre.It has two options: OPTION 1: Fixed rental cost of $1,000 and $12 per person for books
Or
OPTION 2: Fixed rental cost of $3,000 and $8 per person for books
Tickets will be $5 per student.Other items will be donated by recruiters wishing to network with students.Which option will cause the biggest loss if very few students attend?

• A)Option 1
• B)Option 2
• C)Both options provide the same amount of risk.
• D)Neither option has risks.

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Definitions:

Dresses

Garments typically worn by women or girls that consist of a skirt with an attached bodice or a matching bodice giving the effect of a one-piece garment.

Group Size

The number of individuals forming a group or team, which can influence the group's dynamics and outcomes.

Asch

Refers to Solomon Asch, a psychologist best known for his research on conformity, including experiments demonstrating how group pressure can influence individuals to conform.

Task Difficulty

The level of challenge presented by a task, which can influence performance and motivation.