You Have Been Hired as a Consultant to Make Recommendations

question 16

Essay

You have been hired as a consultant to make recommendations for Smarty's, a healthy fast-food chain that is undergoing major expansion. Smarty's needs to create an enterprise resource planning system. However, Smarty's needs to have this system up and running as quickly as possible or it is likely they will begin losing business. What do you recommend?

---

Definitions:

Monthly Payments

Regular payments made towards a loan or mortgage each month.

Compounded Semi-Annually

Calculation of interest on the initial principal and the accumulated interest over the first 6 months repeated every half year.

RRSP

Registered Retirement Savings Plan, a Canadian investment vehicle that allows for tax-deferred savings towards retirement.

Contributions

Money that individuals or entities provide towards a common pool or fund, often for purposes like retirement savings plans or investment funds.