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Real-Life Decision Making

You are in charge of a lab that is considering the purchase of new software to manage clinical trial data. There would be a large initial capital investment for the software and the training. There will also be a period of adjustment for your staff, and they are not happy about changing their ways. You will have to arrange training for them, and listen to their complaints when things change.

In the long run, however, the software is guaranteed to be more efficient, provide better accuracy and speed up data analysis. Do you purchase the software?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.