A Professor Has Been Contacted by Four Not-For-Profit Agencies That

question 24

Essay

A professor has been contacted by four not-for-profit agencies that are willing to work with student consulting teams.The agencies need help with such things as budgeting,information systems,coordinating volunteers,and forecasting.Although each of the four student teams could work with any of the agencies,the professor feels that there is a difference in the amount of time it would take each group to solve each problem.The professor's estimate of the time,in days,is given in the table below.Use the Hungarian method to determine which team works with which project.All projects must be assigned,and no team can be assigned to more than one project.​

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Definitions:

Insignificant Influence

A situation where an investor does not have the power to participate in the financial and operating policy decisions of another entity.

Credit Sale

A transaction where goods or services are provided to a customer with an agreement to pay later, often within a specified timeframe.

Translated

In finance, "translated" often refers to converting financial statements or amounts from one currency into another to facilitate comparison or consolidation.

Dollars

A unit of currency used in the United States and several other countries, representing value for transactions.