Strategic Piggybacking Is the Development of a New Activity That

question 32

True/False

Strategic piggybacking is the development of a new activity that would generate revenue for the not-for-profit organization.

---

Definitions:

Net Working Capital

Net working capital is the difference between a company's current assets and current liabilities, indicating its short-term liquidity and ability to cover short-term obligations.

Drainage Pond

An artificial or natural pond designed to collect and retain stormwater or runoff, helping to manage excess water and prevent flooding.

Accounts Receivables

Money owed to a business by its customers for goods or services delivered or used but not yet paid for.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health of the company.