The Ratio Between Organizational Inputs and Outputs Is an Indication

question 26

True/False

The ratio between organizational inputs and outputs is an indication of the organization's productivity.

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Definitions:

Not-For-Profit Organizations

Organizations that use surplus revenues to achieve their goals rather than distributing them as profit or dividends.

Reporting Objectives

The goals intended to be achieved through the preparation and presentation of financial reports, such as fairness, clarity, and accuracy.

CICA Handbook

The Canadian Institute of Chartered Accountants Handbook, containing the generally accepted accounting principles (GAAP) in Canada.

Expenditure Basis

An accounting method that recognizes expenses when they are paid rather than when they are incurred.