Not-For-Profit Entities

question 134

Multiple Choice

Not-for-profit entities

• A) do not use responsibility accounting.
• B) utilize responsibility accounting in trying to maximize net income.
• C) utilize responsibility accounting in trying to minimize the cost of providing services.
• D) have only noncontrollable costs.

---

Definitions:

Type I Error

An incorrect decision to reject the null hypothesis when it is true.

Entertainment

Activities, performances, or other methods of providing pleasure and relaxation to audiences or participants.

Campus

The land and buildings belonging to a university, college, or educational institution where teaching and learning occur.

Null Hypothesis

A statement in statistical hypothesis testing that assumes no significant difference or effect exists between specified populations or parameters.