Convenience

Exercise Task
1.
Answer the list of brief questions that your profes-
sor provides to you. No answer is correct or incor-
rect; simply choose your most likely response.
Then, when the professor asks, share your answers
with the class.
2.
Discuss the answers given by the class. Why do
students’ answers differ?
3.
What have you learned about decision-making
biases and risk propensity from these experiments?
BUILDING EFFECTIVE TECHNICAL SKILLS
Exercise Overview
Technical skills
are the skills necessary to accomplish or
understand the specific kind of work being done in an
organization. This exercise will enable you to practice
your Internet skills to obtain information for making a
decision.
Exercise Background
Assume that you are a business owner seeking a location
for a new factory. Your company makes products that are
relatively “clean”—that is, they do not pollute the environ-
ment, nor will they produce any dangerous waste products.
Thus, most communities would welcome your plant.
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Part 2:
Planning
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You are seeking a place that has a stable and well-
educated workforce, as well as ample affordable housing,
access to quality health care, and a good educational
system. You have narrowed your choice to the following
towns: