Cassie's Quilts Alters,reconstructs,and Restores Heirloom Quilts

question 52

Multiple Choice

Cassie's Quilts alters,reconstructs,and restores heirloom quilts.Cassie has just spent $800 purchasing,cleaning,and reconstructing an antique quilt which she expects to sell for $1,500 once she is finished.After having spent $800,Cassie discovers that she would need some special period fabric that would cost her $200 in material and time in order to complete the task.Alternatively,she can sell the quilt "as is" now for $900.What should she do?

• A)She should cut her losses and sell the quilt now.
• B)It does not matter what she does; she is going to take a loss on her project.
• C)She should purchase the period fabric,complete the task and then sell the quilt.
• D)She should not do any more work on the quilt because she has already spent too much time on it and has not been paid for that time.

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Definitions:

Effort And Performance

This refers to the relationship between the amount of effort put into a given task and the resulting performance level, highlighting the direct impact effort has on outcomes.

Relationship

A connection, association, or involvement between two or more entities, often characterized by a level of emotional or social linkage.

Equity Model

A theory that suggests fairness in the workplace is achieved when the ratio of inputs to outcomes is balanced among employees.

Positives

Positives refer to the favorable aspects or outcomes associated with a situation, decision, or action.