Question

CASE 1
You are the newly elected vice-president of campus life for the business students' association at your institution. The first big event of the year is a party that has three live bands playing from 5:00 p.m. to midnight; tickets are $20 (cash only). A number of people are helping you sell tickets during the two weeks prior to the event. At the end of each day, you collect the cash from each seller and reconcile it against the tickets sold (the tickets are sequentially numbered). You place your records and the cash in a locked filing cabinet in your office, which is always locked. In less than two weeks, all of the tickets are sold. After collecting the cash from the ticket sellers on the day of the sellout, you're feeling terrific about the success of the sales campaign you organized for the event and go to your office, unlock the door, and immediately notice that the filing cabinet has been tampered with … all of the money is gone … over $35,000!

Required Using the elements of critical thinking and comment on each

Problem(s):
Goal(s)*:

Assumption(s)/Principle(s):
Facts:
Conclusion(s)/Consequence(s):

Answer 1

Problem/s:

All the cash collected for the program,which was kept under lock & key, in a filing cabinet, had been stolen

Goal/s;

To conduct successfully the first big event of the year, which happens to be the first event as newly elected vice-president of campus life for the business students' association at the institution-- to conduct the sales campaign successfully

Assumption(s)/Principle(s):

that the tickets are sold by effective campaigning, all the cash collected & stored adequately safely.

Facts:

Everything went as planned--tickets sold out in less than two weeks.Cash collected & stored in a filing cabinet, under lock & key.But on the day of the sellout, it was noticed that the filing cabinet had been tampered & all cash had been stolen.

Conclusion(s)/Consequence(s):

It is certain that this had been done by one person or a group of persons, who have knowledge about the method/pattern of your operation of storing cash & also had been planning as how to open the filing cabinet, from the time , cash was getting accumulated.

The case can be probed among all those who were involved in these processes.

In future additional controls should be employed, like allowing only one person , to operate the locker , where cash is kept, so that he can take responsibility & made accountable for any loss or theft--- preferably without not much dispersion of the fact , as to the place where cash is stored or updation of the balance.