A Non-Profit Organization Is Planning a Raffle to Raise Money

question 61

Essay

A non-profit organization is planning a raffle to raise money. It has two options for tickets. The first option is to do the tickets by hand, with fixed costs of $50 and variable costs of $.05 per ticket. The second option is to outsource production. This would result in fixed costs of $500 and variable costs of $.01. If the organization plans to sell 10,000 tickets which option should it choose?

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Definitions:

Proof of Injury

Evidence required in a legal context to demonstrate the existence and extent of an injury sustained by an individual.

Harm Required

A legal principle that for a lawsuit to be filed, the plaintiff must demonstrate that they have suffered some form of harm.

Horse Trainer

A professional who specializes in teaching and conditioning horses for various purposes, including but not limited to racing, riding, and competition.

Tort

A civil wrong or injury, other than breach of contract, for which the court will provide a remedy in the form of damages to the injured party.