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Real-Life Decision Making -- Solution

You take the extra time to get more answers.

Your partner Bob wants to take the extra time to get more answers. "With Henry's input, it will make all the difference in the world," says Bob.

"Henry employs almost 300 people. I vote we call the mayor in the morning and reschedule for a week Monday. That will give us the time to add Henry's data. It will also give us a few days to check to see if we made any mistakes or typos."

You realize that Bob has a point. You have worked months on this research. One small error in your data could upset all of your estimates. A delay of one more week may not be too hard for city council to handle.

First thing Monday, you call the mayor's office and explain that you have 99 percent of the job completed, but you are expecting a crucial piece of data on Thursday. You decide to have a preliminary meeting with city council to show them your findings to date.

A full meeting is scheduled for the following Monday, when the complete set of data can be examined. Your honest, open approach wins you some future contracts.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.