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Terminologist

Real-Life Activities

Real-Life Decision Making

You are starting a new business as a self-employed terminologist. Since your business is very new, you do not have many clients yet and you are not bringing in as much money as you need.

One day, a client sends you an email asking you how much you would charge to do some work for him. After studying the email, you realize that the client has become confused and is actually asking you to do the same thing twice.

You realize that you could charge the client twice for work that you would only have to do once. You could charge him for 20 hours of work instead of 10. Since your hourly rate is $50, you would make $1,000 instead of $500.

You look at the stack of bills sitting on your desk. An extra $500 would help a lot.

What do you do?

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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.