Which of the Following Is a Similarity Between Businesses and Nonprofit

question 76

Multiple Choice

Which of the following is a similarity between businesses and nonprofit organizations?

• A)Both do not have to abide by government regulations.
• B)Both are unaffected by political or social change.
• C)Both of them engage in management and finance activities.
• D)Both of them do not need to adapt to technological changes.
• E)Both aim to maximize financial returns for their owners.

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Definitions:

Total Cash Collected

The sum of all cash received by a company during a specified period, including sales, accounts receivable collections, and other cash receipts.

Collections

The process of recovering the amounts owed to a business by its debtors or the action of receiving payments.

Accounts Receivable Balance

The total amount of money owed to a company by its customers for goods or services delivered or used but not yet paid for.

Raw Materials Inventory

Stocks of unprocessed goods or materials held by a company to be used in production.