Most Economic Decisions Are Made Under Conditions Of

question 20

Multiple Choice

Most economic decisions are made under conditions of:

• A)probability.
• B)risk.
• C)certainty.
• D)uncertainty.

Recognize how donated goods and capital assets should be accounted for in financial statements.

Understand how endowment contributions and their investment income are presented and used within financial statements.

Recognize the financial reporting requirements and options available to Canadian private not-for-profit organizations.

Apply accounting principles to real-life scenarios involving not-for-profit financial transactions and reporting.

---

Definitions:

Manuscript Speaking

Reading a speech from a written text.

Extemporaneous Speaking

Speaking from a written or memorized speech outline without having memorized the exact wording of the speech.

Memorized Speaking

Delivering a speech word-for-word from memory without using notes.

Impromptu Speaking

Delivering a speech without advance preparation.