Instruction:
This assignment is aimed to assess your critical thinking skills developed in our course using the
following scenario described. Please read the following decision-making scenario faced by Corey
Jemison regarding the next stage of his career development and family life. Answer the five questions
that follow.
You will be graded on the accuracy and completeness of your answers.
This assignment is worth a total of 50 points. Each question is worth 10 points. Your points from this
assignment will be added to your total course grade.
The Decision-making Context:
With the birth of Corey Jemisonàthird child, he and his wife are faced with a drastically increased
amount of housework and increased financial stress. To ease the stresses of both, the couple must make
some adjustments to work and life. Here is some information regarding Coreyàcareer and life choices.
Two years ago, Corey bought a truck for $35,000 to offer delivery services. Corey earns $40,000 a year
operating as an independent trucker and works for about 50 hours a week.
Now he has an opportunity to sell his truck for $18,750 and goes to an MBA program for a tuition cost
of $30,000. He can take a loan from a local bank to pay for his tuition at an interest rate of 6%, payable
in 10 years after graduation with equal monthly installments. If he completes his MBA degree, he can
find a position that pays him in the range of $80,000 to $100,000 a year as a shipping company
manager, working 60 hours a week.
Alternatively, he can sell his truck and take a position now as an instructor in a truck driving school. The
instructor position pays $31,250 a year for working 40 hours per week.
Another possibility is that he can sell his truck and become a stay-at-home dad taking care of his three
children, spending quality time with his family members. This allows him to save about $10,000 in
childcare costs per year. By selling his truck, Corey will invest the proceeds of the sale in bonds that pay a
12 percent return.
Question 1:
In a few sentences, describe and summarize the decision-making scenario Corey faces now.
1

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