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Real-Life Decision Making

With all the new technologies arriving on the scene, multimedia products have some incredible features. Many customers get pretty enthusiastic when they see a project coming together.

Imagine that you're a multimedia specialist working on a website for a new clothing manufacturer called Energy Outerwear. Your contract with them is project based, meaning you agreed to provide a website with certain features for a fixed price.

You're in a progress meeting with Energy's marketing executive, outlining what your team has come up with so far. Your client's eyes widen as he sees your colorful graphics, quick animation and funny sound clips. Obviously, the possibilities of multimedia were greater than he had ever dreamed.

"Wow," he says enthusiastically. "This is the greatest thing I've ever seen. Can you include these, too?" He hands you piles of extra pictures.

He then pulls out a notepad and starts brainstorming ideas to make the website even better.

You smile, but your heart is sinking. It's great that your customer is so impressed with your product, but you've already signed a contract with Energy Outerwear that specifies the amount of time and work your multimedia company will put into their website. Adding his extra ideas could take days, possibly weeks. It would end up costing your company money to make the additions to the website.

But the marketing executive is your customer and you don't want to flat out refuse him. You pride your company on its excellent customer service and you don't want to jeopardize your working relationship with Energy Outerwear. You want to please your customer, but you're afraid that it will cost you too much money.

What will 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.