Project: Digital Media and Business You are a business owner. You will need to select a specific product or service for your business. You will then describe how you are
going to use digital media in your business. Before you make any decisions, look around in your local community and see how other
businesses are using digital media. Talk to some friends or family who are working locally. Ask them how their employer uses digital
media in the office and for the public. When you have completed your research and have decided on a product or service, answer the
questions listed in the chart below.
How do you use digital media when trying to reach the public?
How do you use digital media with your employees?
What factors do you need to consider when selecting storage types? Which would be best for your business? Explain why,
Describe how you will use the Internet.
What will you need to do to have a web page?
What would you think your domain name could be? Why?

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

Describe what fixed costs and marginal costs mean to a company.

Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. the seller announced that the highest bid in excess of $9,500 will be accepted. assume that the competitor's bid x is a random variable that is uniformly distributed between $9,500 and $15,500. suppose you bid $12,000. what is the probability that your bid will be accepted?