AISs Can Be Used to Evaluate the Performance of Not-For-Profit

question 12

Multiple Choice

AISs can be used to evaluate the performance of not-for-profit organizations by:

• A)Using various process measures
• B)Comparing budget goals to actual performance
• C)Using a number of nonmonetary measures of performance
• D)all of the above

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Definitions:

Inferential Statistics

The branch of statistics that makes predictions or inferences about a population based on a sample of data drawn from that population.

Probability

The measure or likelihood of a particular event or outcome occurring.

Sampling Error

The discrepancy between the statistical characteristics of a sample and those of the overall population, arising because the sample is not perfectly representative.

Mean Number

The average value of a set of numbers, calculated by dividing the sum of all the numbers by the count of the values.