If a business is unsure of the success of a new project, it would be wise to complete a _________________ before undertaking it.

Question 8 options:

a)

process map

b)

FMEA

c)

SIPOC

d)

none of the above make sense for this situation

A scuba diving equipment manufacturer has already launched a new product that will potentially gain two new customers, Scooby Dude Inc. and Scuba Steve LLC. The company estimates that there is a 25% chance of signing each new customer post-launch. The profitability of each customer is roughly $1m. The projected increase in profit is ________.

Question 2 options:

a)

$0

b)

$250

c)

$500k

d)

$1m