Answer the following questions using the information below:
Southwestern College is planning to hold a fund raising banquet at one of the local country clubs. It has two options for the banquet:
Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band which will cost another $800. Tickets are expected to be $30 per person. Local business supporters will donate any other items required for the event.
-Which option provides the least amount of risk?
Definitions:
Constrained Resource
A limited resource that restricts a company's ability to meet demand, such as limited machine time or labor hours.
Automated Factory
An automated factory utilizes advanced machinery and computer systems to perform tasks with minimal human intervention, increasing efficiency and production.
Porcelain Dip Bowl
A specific type of serving bowl made from porcelain, typically used for dipping sauces or small appetizers.
Discontinued Product
A product that a company has decided to stop producing and selling, often due to declining sales or obsolescence.
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