Question 1: Faris and Syahmi have known each other since high school. Two years ago, they registered into same university taking undergraduate courses in the Faculty of Technology Management and Business. Both hope to graduate with bachelor degree. In an attempt to make extra money and to use some of the knowledge they gained from their courses, Faris and Syahmi have decided to look into the possibilities of starting a small company that would provide word processing services to students who needed term papers or other reports prepared in a professional manner. Using a system approach, Faris and Syahmi have identified three strategies. Strategy 1: To invest in an expensive microcomputer system with a high-quality laser printer. In a favourable market, they should be able to obtain a net profit RM10,000 over the next two years. If the market is unfavourable, they can loss RM8,000. Strategy 2: To purchase a less expensive system. In favourable market, they could get a return during the next two years of RM8,000. Otherwise, they would incur a loss of RM4,000 during unfavourable market. Strategy 3: Do nothing. Faris is basically a risk taker whereas Syahmi tries to avoid risk. (a) What type of decision should Faris use? What would Faris's decision be? (b) What type of decision maker Syahmi will use? What decision would Syahmi choose? (c) If Faris and Syahmi were indifferent to risk, what type of decision approach should they use? What would you recommend of this was the case