To Keep Track of ____, It's Necessary to Set Up

question 50

Multiple Choice

To keep track of ____, it's necessary to set up a system to collect, on a regular and timely basis, data on funds actually expended.

• A) budgeted cost of work scheduled
• B) planned cost of the project
• C) actual cost on a project
• D) budgeted cost of work performed

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Definitions:

Strategic Planning Model

A systematic process used by organizations to envision a desired future and translate this vision into broadly defined goals and a sequence of steps to achieve them.

Nonprofit Organization

An entity that operates for the public or societal benefit rather than for the purpose of making profits for owners or shareholders, and which typically enjoys certain tax exemptions.

Capacity Elements

Components or factors that determine the capability of an individual or organization to achieve its objectives.

Capacity Building Activities

Initiatives designed to strengthen the skills, competencies, and abilities of nonprofits and their staff, enhancing their ability to fulfill their missions.