BRIEF CASES 1. Assume that you have been asked to perform an examination and report on your findings, conclusions, and opinions. Assume the following: a. The industry is oil production (at a well-head), transportation, and refinement. b. The transporter and refiner are one company. c. The transporter refused to accept oil at the well-head for three months because of quality issues with oil from that well in previous months. d. The oil refinery was at 60% of capacity during three months for which oil was refused. Case discussion-Consider the following questions: a. Is it appropriate to examine whether the oil producer's actions were justified? Why or why not? b. If oil quality is subjective, is it appropriate to examine oil quality? Why or why not? c. If oil quality is subject to machine testing and objective metrics, is it appropriate to examine oil quality? Why or why not? d. Is profitability and cost analysis of the oil production company during the three-month shutdown relevant? Why or why not? e. Is profitability and cost analysis of the oil production company during period before and after the three-month shutdown relevant? Why or why not