Answer the Following Questions Using the Information Below

question 21

Multiple Choice

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?

• A) Option one
• B) Option two
• C) Both options provide the same amount of risk.
• D) It depends on how many donations it receives.

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Definitions:

Waive Warranty Rights

Choosing to relinquish the legal rights to claim defects or faults in purchased goods or services guaranteed by warranty.

Seller's Request

A demand or requirement put forth by a seller regarding the terms, conditions, or actions related to a sale.

Consumer Protection

Laws and regulations designed to ensure the rights of consumers as well as fair trade, competition, and accurate information in the marketplace.

Third-party Beneficiaries

Individuals or entities that are not part of a contract but stand to benefit from its execution.