Why Might a Manager for a Non-Profit Organization Seem as Concerned

question 1

Multiple Choice

Why might a manager for a non-profit organization seem as concerned with his or her organization's financial well-being as a for-profit manager?

• A)Non-profit managers are evaluated on financial performance only.
• B)Non-profit managers try to give the illusion that they care about the "bottom line."
• C)Not-for-profit organizations need to make money to continue operating.
• D)Non-profit organizations have an obligation to turn a profit.

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Definitions:

Vault Cash

Physical currency and coins kept on hand by a bank or financial institution.

Capital

Human-made resources (such as tools, equipment, and structures) used to produce other goods and services. They enhance our ability to produce in the future.

Adjustable Rate Mortgages

A type of mortgage loan where the interest rate periodically adjusts based on a specific benchmark, affecting monthly payments.

Interest Rates

The cost of borrowing money or the return on savings, expressed as a percentage of the principal amount per period.