Better Days Ahead, a charitable organization, has a standing agreement with Firs

Question

Better Days Ahead, a charitable organization, has a standing agreement with First National Bank. The agreement allows bBetter Days Ahead to overdraw its cash balance at the bank when donations are running low. In the past, Better Days Ahead managed funds wise;y, and rarely used this privilege. Jacob Henson recently become the president of Better Days. To expand operations, Henson acquired office equipment and spent large amounts on fundraising. During Henson's presidency, Better Days Ahead has maintained a negative bank balance of approximately $10,000/. Req. 1. What is the ethical issue in this situation, if any? State why you approve or disapprove of Henson's management of Better Days Ahead's funds.

Explanation / Answer

The eitchial issue presented of whether First nation Bank should take away their privelege they granted to this orginization. Im not really sure what a negative bank balance is. I think though it means that they owe the bank 10,000 dollars. If it is what I think then if the orginization was able to collect a lot more money due to his increase in the size of this orginization then I approve of Hensons management, but if it did nothing for the charity and donations stayed the same, the I definitely dissaprove of his management. Especially if he spent all the money at once without looking to see if the few additions in the orginization was helpful

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