Jean often accompanies her friends on shopping trips. on such occasions, jean ends up buying more than her friends. she can hardly resist the temptation of buying products on sale and ends up spending a lot more than she initially plans. according to this information, we can conclude that jean is a(n) consumer.

Brandt enterprises is considering a new project that has a cost of $1,000,000, and the cfo set up the following simple decision tree to show its three most likely scenarios. the firm could arrange with its work force and suppliers to cease operations at the end of year 1 should it choose to do so, but to obtain this abandonment option, it would have to make a payment to those parties. how much is the option to abandon worth to the firm?