Melinda Has Just Graduated with a Master's Degree in Information

question 55

Essay

Melinda has just graduated with a master's degree in information technology and has been having trouble finding a corporate job.None of the large companies she has contacted have job openings in her field.So Melinda decides to try marketing her services to some of her home town businesses.These businesses have been very slow to adopt new technology.For instance,the local hardware store runs just like it did thirty years ago,with an aging cash register and paper-based bookkeeping.She plans to talk with the store's owner about hiring her part time as its IT specialist to modernize the store's systems.What objections might the hardware store owner have to the idea of hiring an IT specialist,and what should Melinda say to convince the owner of the store that she can help increase the store's sales?

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Definitions:

Expected Return

Expected Return is the anticipated amount of profit or loss an investment is likely to generate, accounting for both the risk of the investment and the time value of money.

Expected Rate Of Return

An estimate of the profit or loss of an investment over a given period of time, expressed as a percentage.

Recessionary Economy

An economic condition characterized by a significant decline in general economic activity across multiple sectors for an extended period.

Probability

An indicator of the probability that a particular event will happen, represented by a numerical value ranging from 0 to 1, with 0 denoting an impossibility and 1 denoting absolute certainty.