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On Christmas, I purchased $75 of McDonald's and 4 cases of drinks and gave them away to the...

Question:

On Christmas, I purchased $75 of McDonald's and 4 cases of drinks and gave them away to the homeless. Afterward I was told this is not a good thing to do; I should have donated the $ to a homeless organization.

Should I not do this next year?

Donation

A donation refers to a unilateral payment made by one party to the other. It can be in the form of cash or in-kind (such as in the form of a good that provides utility). Donations are provided with the motive of social welfare.

Answer and Explanation:

One can provide donations to a homeless guy or a charitable organization. Both forms of such donations increase social welfare. The only difference...

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Reciprocity: Definition, Principle & Types

from Introduction to Business: Homework Help Resource

Chapter 13 / Lesson 17
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