Which Statement Is True Concerning Budgeting in Not-For-Profit Organizations

question 138

Multiple Choice

Which statement is true concerning budgeting in not-for-profit organizations?

• A)It is not necessary since the goal is not profit-oriented.
• B)It usually starts with budgeting receipts, following by expenditures.
• C)It is based on cash flows rather than revenues and expenses.
• D)The budget must be approved by the shareholders.

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Definitions:

Girls

Female children and adolescents up to the brink of adulthood.

Encopresis

A disorder usually in children, characterized by repeated defecation in inappropriate places, such as clothing.

Cognitive-behavioral Therapy

A form of psychological treatment that helps patients understand the thoughts and feelings that influence behaviors.

Medical Treatments

Interventions, including medications and surgical procedures, used by health professionals to treat diseases or conditions.