Because Profit, or the "Bottom Line," Is Not the Measure

question 70

True/False

Because profit, or the "bottom line," is not the measure of success for not-for-profit organizations, managers of charitable organizations do not have to concern themselves with the financial aspects of their organizations.

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Definitions:

Authority

The right or power to make decisions, give orders, or enforce rules.

Vice President

An officer in government or business who ranks below a president, typically responsible for assisting in executive duties.

Private Business Dealings

Commercial transactions or activities that occur between private entities without government involvement.

Officers

Individuals holding positions of command, authority, or responsibility within an organization, especially within a corporation's executive management.