The most basic level in Kerzner's project management maturity model is:

A local barbecue joint makes one massive batch of potato salad each day

If they run out of this savory side before the end of the day, their last few customers are less than satisfied, but if they make too much, they sell it to the local hog farmer for feed. Every serving costs an equivalent of $0.23 to make, but can be sold for $2.50 to customers and for $0.12 to the hog farmer. The average daily demand is for 400 servings with a standard deviation of 40 servings. How many servings should be made each day? One day the hog farmer cancels the contract — evidently there are some things that even hogs won't eat. With no fallback position, how many servings of potato salad should the barbecue joint make? Discuss the discrepancy between the two numbers. What will be an ideal response?

A firm has a beta of 1.2. The market return equals 14 percent and the risk-free rate of return equals 6 percent. The estimated cost of common stock equity is ________

A) 6 percent B) 7.2 percent C) 14 percent D) 15.6 percent