A Not-For-Profit University Operates Its College Book-Store as an Auxiliary

question 10

Multiple Choice

A not-for-profit university operates its college book-store as an auxiliary enterprise.During the year the store has revenues of $30 million and expenses of $27 million.In its statement of activities the university should report

• A)operating revenues of $3 million
• B)operating revenues of $30 million
• C)nonoperating revenues of $3 million
• D)nonoperating revenues of $30 million

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Definitions:

Influence Leaders

The ability to affect the behavior, decision-making, or thinking of those in positions of authority or leadership.

Mission And Vision

Statements that outline an organization's purpose, goals, and the future state it strives to achieve.

Leadership Strength

Refers to the capacity of an individual or group to guide, influence, or direct others in a way that achieves set goals and enhances group cohesion.

Transformational

Relating to or involving significant change in something, often in a way that makes it better or more effective.