Phi Kappa Is Planning to Hold a Seminar for Students

Multiple Choice

Phi Kappa is planning to hold a seminar for students at the University Centre.It has two options: OPTION 1: Fixed rental cost of $1,000 and $12 per person for books
Or
OPTION 2: Fixed rental cost of $3,000 and $8 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.