Additional Information: If TWW proceeds with the project as originally planned, there is a 40% chance that controversy about the financial "gratuity" will damage its reputation and lose $500 million in future business opportunities. If TWW spends $100 million to contract with an outside bank to oversee cash payments, the probability of this continuing controversy will decline to 20%. Choice b: Proceed with the project and contract with an outside bank. Use the following questions to explain your decision - Answer the question as the Government Representative, Mayor's Office 1. How may the supply and demand of local real estate be impacted by these decisions? 2. How may the market price of local real estate be impacted by these decisions? Question Instructions: Answer each question based on the decisions your group made. Address each question from a different perspective (from part 3) and explain the rationale behind your decisions for each question. Each question should be answered in 150 - 200 words. Yet another torrential rainstorm has smashed into the city of Houston, causing severe floodingconditions and property damage. The municipal government signs a contract with a localconstruction company named Texas Water Works (TWW) to expand a Bayou drainage system inthe most heavily damaged neighborhoods.At first, all stakeholders are pleased with the contract. However, before construction begins, apair of disturbing revelations disrupts the TWW's development plans.First, a local environmental group launches a series of protests about a threatened bat colony thatis discovered under bridges across the construction site. Next, a local news station breaks aninvestigative story that representatives of TWW may have paid a financial "gratuity" to agovernment official shortly before the official approved the environmental terms of the project.You will be placed in a group of three individuals, with each individual assuming one of thefollowing roles:- Chief Executive Officer, TWW.- Government Representative, Mayor's Office.- Public Activist, Environmental Organization.-You will engage in a series of four conversations. After each conversation, you will make adecision. If the outcome of the decision depends on an event that may or may not occur, use thefree "True Random Number Generator” at random.org to "roll the dice" (figuratively speaking)and determine what happens next. Be sure to follow the instructions located in each instructiondocument.

If a company needs to grow in its business, the help and support of the society is very much…

Answered: Additional Information: If TWW proceeds…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Question

Additional Information: If TWW proceeds with the project as originally planned, there is a 40% chance that controversy about the financial "gratuity" will damage its reputation and lose $500 million in future business opportunities. If TWW spends $100 million to contract with an outside bank to oversee cash payments, the probability of this continuing controversy will decline to 20%. Choice b: Proceed with the project and contract with an outside bank. Use the following questions to explain your decision - Answer the question as the Government Representative, Mayor's Office 1. How may the supply and demand of local real estate be impacted by these decisions? 2. How may the market price of local real estate be impacted by these decisions? Question Instructions: Answer each question based on the decisions your group made. Address each question from a different perspective (from part 3) and explain the rationale behind your decisions for each question. Each question should be answered in 150 - 200 words.