Expand mobile version menu
  Skip to main content

Real-Life Activities

Real-Life Decision Making

Currently, a client of yours is sailing the South Pacific on a sailboat you designed. She was thrilled with the boat. Before she left on her trip, she asked you to build another for her.

She requested a new yacht that she could take on long trips across the open ocean. It's a wonderful opportunity, and you look forward to creating the perfect boat. You won't be able to get in touch with her for several months, so she left her specific requests with you.

"If any decisions come up about the boat, just use your best judgment. I trust you," she says.

This is what she says she wants:

  • I want to be able to cruise over great distances in the open water.
  • I want the boat to be fast.
  • Above all else, the boat must run as affordably as possible.

Uh-oh. You have your first problem. "All boats are a compromise," says naval architect Pat Bray. "You can't have a fast boat that can go great distances without refueling."

This is because the fuel needed to operate a fast boat is too heavy to carry in large amounts. It is also more expensive to run a faster boat.

However, if your client refueled more often, she would be able to travel at high speeds. So should the boat be able to go a great distance, or should it be able to go fast?

What do you do?

Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

Support


Powered by XAP

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.