The Board and Top Managers of a Nonprofit Organization Have

question 74

Multiple Choice

The board and top managers of a nonprofit organization have considerable latitude to decide how they will spend the organization's resources because

• A)they are a private foundation.
• B)the organization does not have shareholders.
• C)they are typically small organizations.
• D)they receive contributions and government grants.
• E)all monies earned are pumped back into the business.

Identify factors influencing children's academic achievement and readiness for school.

Acknowledge the importance of teacher-student interactions and educational practices in learning outcomes.

Understand the development and importance of friendships in childhood.

Recognize the characteristics and effects of effective schooling.

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Definitions:

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.

Specialization of Labor

The division of labor where individuals focus on a limited scope of tasks or skills, leading to increased efficiency and productivity.

Average Fixed Costs

The fixed costs of production (costs that do not vary with the level of output) divided by the quantity of output produced.

Output

Output is the total amount of goods or services produced by a person, machine, business, or country.