A Reason for a Not-For-Profit Organization to Be Audited Is

question 58

Multiple Choice

A reason for a not-for-profit organization to be audited is to

• A)comply with the laws requiring them to be audited.
• B)meet requirements of lenders or funding sources.
• C)have a professional accountant perform their bookkeeping.
• D)ensure that their financial statements do not contain errors.

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Definitions:

Rosenthal

Often associated with the Rosenthal or Pygmalion Effect, where higher expectations lead to an increase in performance.

Pygmalion In The Classroom

Pygmalion in the Classroom is a theory suggesting that teachers' expectations of a student can significantly influence the student's performance, often resulting in a self-fulfilling prophecy.

Sociological Perspective

A way of looking at society and social behavior that involves questioning the obvious, seeking patterns, and looking beyond individual cases to social structures.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various methods.