A ________ Is a Nongovernmental Organization That Serves Its Customers

question 140

Multiple Choice

A ________ is a nongovernmental organization that serves its customers but does not have profit as an organizational goal.

• A) business firm
• B) subchapter S corporation
• C) service agency
• D) cooperative
• E) nonprofit organization

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Definitions:

Budget Process

A systematic method used by organizations or governments to allocate resources, assess revenues, and determine expenditures for a specific time period.

Marginal Propensity

The tendency of an individual or population to consume or save an extra unit of income.

Lump-Sum Taxes

Taxes that are a fixed amount, not varying with the income or wealth of the taxpayer, and are paid at one time instead of in installments.

Budget Deficit

A situation where a government's expenditures exceed its revenues during a specified period of time, leading to borrowing or debt accumulation.