the corcoran gallary of art was established by washington dc businessman williams willson corcoran, an early collector of comtempprary american art the gallary was opened in 1874 in a building that corcoran had constructed and was moved to another building near the white house in 1897 , built to house an expanded coleection and the recently established corcoran school of art.

question

(1) which of principle of finicial mangement was relevant in corcoran?

(2) do you think the corcorans pronlem were primarily related to its finiancial management, to policy decision made by its board , to change in the environment over which it had no control or to all these reason explain

(3) generally accepted principles of museum ethics prohibit selling items from the collection and using the funds to meet other expenses, do you agree with that principle , even if the alternative is the financial demise of the museum?