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me to answer this: I need references. Thank you ******************************************************* What they don't know won't hurt them! Revolutionary Electronic Technologies (RET) recently launched a new
me to answer this: I need references. Thank you ******************************************************* What they don't know won't hurt them! Revolutionary Electronic Technologies (RET) recently launched a new advanced electronic microsystem for use by financial institutions, large corporations, and governments to process and store financial data, such as taxes and automatic payroll payments. Although RET developed the technology used in creating the product, RET's competitors are expected to possess similar technology soon. To beat the competition in the market, RET introduced its new micro system a little earlier than originally planned. In fact, laboratory tests had not been fully completed before the product hit the market. The tests are complete now, and the final results suggest that the micro system could be faulty with respect to how some data is retrieved and processed. However, the tests are not conclusive, and even if further tests show that a failure exists, according to RET, it is of minuscule significance because the problem appears to occur only in one in 100 million recovery and processing attempts. The financial ramifications associated with the default are unknown at this time. Let's say you are one of RET's top executives whose annual salary is based on the performance of the company's common stock. He realizes that if RET remembers the affected microsystem, the share price will suffer; therefore, your salary for the year will be less than you expected. To complicate matters, you have just bought an expensive home based on your salary expectations for the next few years - expectations that will not be realized unless the new micro system is a success for RET. As one of the senior executives, you will help determine what course of action RET will take with respect to the microsystem. What should you do? Should I encourage RET to recover the micro system until testing is complete? What other courses of action do you suggest
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