What Does It Mean for a Microfinance Institution (MFI)to Be

question 13

Multiple Choice

What does it mean for a microfinance institution (MFI) to be financially sustainable?

• A) It has earned a large enough grant to operate without interest and fees from loans
• B) Its revenue from interest and fees exceeds its operating costs
• C) Donors have guaranteed the funds will remain available
• D) It has earned the funds through commercialization

Recognize the importance of discretion within bureaucratic operations.

Acknowledge the critical role of rule-making authority in shaping bureaucratic functions and societal impacts.

Analyze the evolution of attitudes toward bureaucracy from elite and popular democratic perspectives.

Appreciate the role of expertise in improving bureaucratic efficiency and effectiveness.

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Definitions:

Total Variable Cost

The sum of all variable costs (costs that change with production volume) for a given level of production.

Patient-Visits

A metric used in healthcare to quantify the number of visits or consultations patients have with healthcare providers within a given time period.

Facility Expenses

Costs associated with the physical locations where a business operates, such as rent, utilities, and maintenance expenses.

Flexible Budget

A budget that adjusts or flexes for changes in the volume of activity.