MGT7321 - Updated Assignment #2 100% verified

MGT7321 – Assignment 2 – 20% - 35 available marks Q1: Lesson 4: [CLR 6] (10 marks) Each year Dr. Jerry Hep organizes a road cycling fundraiser for the hospital he works at. The money is raised from the fees charged to each rider to participate less costs such as having policing at busy intersections and participant mementos. A new sponsor has come on board who will also manage the operations of the ride. Having no prior experience, this sponsor created a website for riders to register but did not add a payment feature. Fees would be paid on the morning of the ride. This year’s memento is an expensive European cycling jersey. Jerry tells the sponsor they could have a problem. They have to pre-order the jerseys from the supplier for the number of registered riders but won’t collect the money until the morning of the ride. This arrangement also encourages riders to not register but just show up the morning of the ride. The sponsor wants to know why that is a problem. Jerry tells the sponsor that if it