The following is an ethical issue: Send Me Money, a charitable
organization, has a agreement with First California State Bank. The
agreement allows Send Me Money to overdraw its cash balance at the
bank when donations are running low. In the past, Send Me Money
managed funds wisely and rarely used this privilege. Bill Greedy
has recently become the president of Send Me Money. To expand
operations, Greedy acquired office equipment and spent large
amounts on fundraising. During Greedy's presidency, Send Me Money
has maintained a negative bank balance of approximately
$10,000.
Answer the following questions: minimum 100 words
Question one: What is the ethical issue in this situation, if
any?
Question two: State why you approve or disapprove of Greedy's
management of Send Me Money's fund.