Cronus Airlines Has a Contract That Gives Them the Opportunity

question 12

Multiple Choice

Cronus Airlines has a contract that gives them the opportunity to purchase up to 13,000,000 gallons of jet fuel at $2.00 per gallon. The current market price of jet fuel is $2.3 per gallon. Cronus believes they will only need 4,000,000 gallons of jet fuel. What is the value of this opportunity?

• A) $1,200,000
• B) $3,900,000
• C) $2,700,000
• D) $9,000,000

---

Definitions:

Ethical Issues

Situations or topics that involve a conflict between moral imperatives, raising questions about what is right or wrong, good or bad.

Public Policy

Governmental laws, regulations, actions, and decisions that are intended to solve public issues and affect citizens' lives.

Individual Decision Making

The process by which a person chooses between alternatives or formulates judgments, based on personal reasoning, preferences, and insights.

Social Issue

Refers to problems that affect many people within a society, often requiring community action for resolution.