After Working as a Manager of a Small Business for Several

question 126

Multiple Choice

After working as a manager of a small business for several years,Connie has been offered a management position with a local charity.If she accepts the job offer,she is likely to find that:

• A)her previous experience will be of little value in her new position.
• B)the principles of management are much the same regardless of the type of organization.
• C)nonprofit organizations are motivated by their desire to help people and so financial management is of little concern.
• D)planning is less important to a nonprofit organization.

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Definitions:

Cash Dividend

A payment made by a company to its shareholders, usually as a distribution of profits in the form of cash.

Common Stock

Equity securities that represent ownership in a corporation, providing voting rights and a share in the company's profits through dividends.

Noncumulative Preferred Stock

A type of preferred stock for which missed dividend payments are not accrued and must be declared by the board to be paid.

Common Stock

A kind of ownership stake in a company that allows holders to participate in voting on company issues and to earn dividends.