Accounting for Decision Making and Control 6th Edition by Jerold Zimmerman

Exercise 2

It is often argued that private country clubs tend to have low-quality food operations because the members do not join or frequent their clubs for the food but rather for the golf and fellowship.
(Note: A private country club charges an initiation fee and monthly dues. Members pay for food and drink they consume. The members own the club and frequently pay annual assessments. When members resign or die, some clubs allow the members or their estate to resell the membership, subject to board approval of the new member. Other clubs resell the membership and retain the new initiation fee.)
Critically evaluate the first paragraph.