What Is an Example of a Nongovernmental Organization

question 22

Multiple Choice

What is an example of a nongovernmental organization?

• A)McDonald's
• B)United Nations
• C)Doctors Without Borders
• D)European Union
• E)NATO

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Definitions:

Incurred

Expenses, losses, or liabilities that have been suffered or assumed in the course of conducting business.

Matching Principle

An accounting concept that requires expenses to be recorded in the same period as the revenues that are generated as a result of those expenses.

Expenses

It refers to the outflow of cash or other valuable assets from a person or company to another entity as a result of purchasing goods or services.

Related Revenues

Income that is directly connected to the primary operations or activities of a business.