When Making a Decision Under Conditions of __________,You Do Not

question 20

Multiple Choice

When making a decision under conditions of __________,you do not know the outcome of each alternative in advance,but can assign probabilities to each outcome.

• A) certainty
• B) risk
• C) uncertainty
• D) classification

Understand accounting and reporting practices for capital assets and related contributions in not-for-profit organizations.

Comprehend the requirements and methods for accounting for donated goods and services in not-for-profit organizations.

Identify the purposes of using an encumbrance system in budgeting and accounting for not-for-profit entities.

Apply knowledge of differences between not-for-profit organizations and business enterprises in financial reporting.

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Definitions:

Redundancies

Situations where an employer reduces their workforce because a job or jobs are no longer needed.

Passive Voice

A sentence construction where the subject of the sentence is acted upon rather than performing the action.

Active Voice

A grammatical voice where the subject of the sentence performs the action expressed by the verb, making the writing more direct and clear.

Voir Dire

A proceeding in which attorneys for the plaintiff and the defendant ask prospective jurors questions to determine whether any juror is biased or has any connection with a party to the action or with a prospective witness.