A(n)_________ Is a Yearly Statement of the Financial Condition,progress and Expectations

question 182

Multiple Choice

A(n) _________ is a yearly statement of the financial condition,progress and expectations of an organization.

• A)balance sheet
• B)independent audit
• C)mission statement
• D)annual report

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Definitions:

Nonprofit Organization

An organization that operates for a collective, public, or social benefit, instead of working for profit or income for its owners or investors.

Political Rally

A large public gathering organized by political entities to garner support, promote agendas, or energize voters.

Profit

The financial gain made in a transaction or business operation, calculated by subtracting total expenses from total revenue.

B-Corp Certification

A certification for businesses that meet high standards of social and environmental performance, accountability, and transparency.