Phi Kappa Is Planning to Hold a Seminar for Students $$\text { OPTION 1: Fixed rental cast of } \$ 1,000 \text { and } \$ 12 \text { per person for baoks }$$

Multiple Choice

Phi Kappa is planning to hold a seminar for students at the University Centre.It has two options: $$\text { OPTION 1: Fixed rental cast of } \$ 1,000 \text { and } \$ 12 \text { per person for baoks }$$ or
$\text { OPTION 2: Fixed rental cost of } \$ 3,000 \text { and } \$ 8 \text { per person for books }$
Tickets will be $5 per student.Other items will be donated by recruiters wishing to network with students.Which option will cause the biggest loss if very few students attend?

A) Option 1
B) Option 2
C) Both options provide the same amount of risk.
D) Neither option has risks.