YL CLE_10 23_24: Assignment

Assignment - Case Study

Case Study - Fred and his clothes!

Need: Something you have to have
Want: Something you would like to have

Fred loves clothes. His favourite activity is to go shopping at the mall and try on new clothes. He looks forward to the day when he has a job so he can buy all the clothes he wants.

Next week is Fred's birthday and he will receive $75.00 for his Birthday present. He saw a pair of designer jeans at the mall that were $72.00; however, he also needs new shirts, new shorts, and some swim gear for the summer. With $75.00, Fred could purchase all of the things he needs or he could purchase the one pair of designer jeans.

All the kids at school wear the designer jeans. Fred states, "If only I had a pair of these jeans, I would be popular." What should Fred do? Use the financial decisions steps from to come up with the best decision regarding how Fred should spend his Birthday money. Use the steps below to help Fred.

The following 8 steps will help you make good financial decisions:

Put yourself in a calm state. Decisions made from fear or worry are rarely sound. ...
Gather all your information. ...
Clearly state your goals. ...
Research your options. ...
Weigh the potential outcomes. ...
Sleep on it. ...
Make a decision and act on it! ...
Evaluate your results.

Requirements:

You are required to come up with a solution for Fred. Write down each step of the Decision Making Model and state what you would do for each step to help Fred make a good decision on how to spend the $75 birthday money.

Submission

Upload your assignment to your teacher for marking.

Your assignment will be graded according to the following rubric.

Identification of main problem(s)/issue(s)	Identifies and demonstrates a sophisticated understanding of the main issue(s)/problem(s) in the case study 4 points	Identifies and demonstrates an accomplished understanding of the issue(s)/problem(s) 3 points	Identifies and demonstrates a satisfactory understanding of the issue(s)/problem(s). 2 points	Does not clearly identify the problem(s)/issue(s) for this case study. 1 point	Does not identify issue(s)/problem(s) 0 point
Analysis and Evaluation of Issue(s)/Problem(s)	Presents an insightful and thorough analysis of all identified issues(s)/problem(s). 4 points	Presents a thorough analysis of most of the issues identified. 3 points	Presents a satisfactory analysis of the issues identified but there are missing items. 2 points	Presents a superficial or incomplete analysis of some of the identified issue(s). 1 point	No analysis or evaluation provided. 0 point
Recommendation of Effective Solution(s)/Strategies	Provides recommendations based on evidence provided in the case study. 4 points	Provides recommendations with limited reasoning and evidence from the case study. 3 points	Provides hasty recommendations without thought to the case study. 2 points	Little or no action suggest and/or inappropriate solutions proposed to the issue/problem in the case study. 1 point	No recommendation made. 0 point
Grammar, Spelling and Mechanics	Free of errors. 4 points	Occasional grammar, spelling and mechanical errors. 3 points	More than 4 errors in grammar, spelling and mechanics. 2 points	More than 6 errors in grammar, spelling, and mechanics. 1 point	Unacceptable 0 point

Submit your responses to the questions in the online text box or attach a file to the assignment submission link.

Assignment - Case Study

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