While working as the director of junior golf at a VV Nashville area golf course, I was put in charge of fund-raising. This task required me to spend numerous hours calling and visiting tocal businesses, seeking their donations for our end-of-the-summer golf tournament. After weeks of campaigning for money, I was pleased to have raised $3,000 for the tournament. The money was intended to be used for prizes, food, and trophies for the two-day Tourna- ment of Champions. I notified the golf course manager of my intentions to spend the money at a local golf store to purchase prizes for the participants. Upon hearing of my decision to spend all of the contribution money on the tournament, my manager asked me to spend only $1,500. I was confused by this request because I had encouraged various companies to contribute by telling them that their money would all be spent on the children registered in the tourna- ment. My manager, however, told me that the golf course would pocket the other $1,500 as pure profit. He said the economy had been struggling and that the course could use any extra money to boost profits. I was deeply angered that I had given my word to these companies and now the golf course was going to pocket half the donations. Feeling that my manager was in the wrong, I went to him again, this time with an ultimatum. The money was either to be spent entirely on the tournament or I would return all of the checks personally, citing my manager's plan as the reason. In response, he said that I could spend the money any way I desired, but he would appreciate it if I were frugal with the money. I spent it all. 1. Was my manager wrong for seeking to pocket the donation money as profit? Does it make any difference that the golf course was experiencing perilous economic times? (After all, if the course goes out of business, tournaments cannot be held at all)

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question

While working as the director of junior golf at a VV Nashville area golf course, I was put in charge of fund-raising. This task required me to spend numerous hours calling and visiting tocal businesses, seeking their donations for our end-of-the-summer golf tournament. After weeks of campaigning for money, I was pleased to have raised $3,000 for the tournament. The money was intended to be used for prizes, food, and trophies for the two-day Tourna- ment of Champions. I notified the golf course manager of my intentions to spend the money at a local golf store to purchase prizes for the participants. Upon hearing of my decision to spend all of the contribution money on the tournament, my manager asked me to spend only $1,500. I was confused by this request because I had encouraged various companies to contribute by telling them that their money would all be spent on the children registered in the tourna- ment. My manager, however, told me that the golf course would pocket the other $1,500 as pure profit. He said the economy had been struggling and that the course could use any extra money to boost profits. I was deeply angered that I had given my word to these companies and now the golf course was going to pocket half the donations. Feeling that my manager was in the wrong, I went to him again, this time with an ultimatum. The money was either to be spent entirely on the tournament or I would return all of the checks personally, citing my manager's plan as the reason. In response, he said that I could spend the money any way I desired, but he would appreciate it if I were frugal with the money. I spent it all.

1. Was my manager wrong for seeking to pocket the donation money as profit? Does it make any difference that the golf course was experiencing perilous economic times? (After all, if the course goes out of business, tournaments cannot be held at all).

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON