At the Law Firm of Olde & Waize, It Is

question 34

Multiple Choice

At the law firm of Olde & Waize, it is the receptionist's job to coordinate a monthly birthday celebration, which includes ordering and picking up the cake, putting up the birthday flyers and setting up and cleaning up the room afterwards. Harold is the new receptionist. He informs Ms. Olde that he cannot coordinate the birthday celebrations because his religion doesn't believe in birthday celebrations.
I. Olde & Waize should cease the practice of having birthday celebrations even if it makes the other employees angry.
II. Olde & Waize can accommodate Harold by assigning the coordination of birthday celebrations as additional duties for another employee.
III. Olde & Waize can accommodate Harold by having him set up and clean up the room, similar to what would be done for any other event or meeting with food, while assigning other employees to order and pick up the cake and put up the birthday fliers.
IV. Olde & Waize can ask other employees to volunteer to take on all of the birthday party tasks so that Harold can be accommodated.

• A) I.
• B) II.
• C) III & IV.
• D) None of the choices is correct.

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Definitions:

Mutually Exclusive

Decisions or projects that, if chosen, prevent the selection of one or more other options.

Present Value

The present value of a future amount of money or series of cash flows, adjusted for a certain return rate.

Payback Method

A capital budgeting technique that calculates the time required to recoup the cost of an investment, using cash flow estimates without considering the time value of money.

Internal Rate

A financial metric, often referring to the internal rate of return (IRR), which is used to evaluate the profitability of potential investments.