In Order to Serve Clients with Limited Resources, Nonprofit Managers

question 7

Multiple Choice

In order to serve clients with limited resources, nonprofit managers must focus on ______.

• A)keeping costs as low as possible
• B)great customer service
• C)creating inexpensive goods
• D)employee performance
• E)roles like leader, monitor, and negotiator

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Definitions:

Short-rate Refund

A refund of a portion of a premium on an insurance policy, calculated using a method that is less than pro-rata, often involving a penalty for early cancellation.

Annual Premium

The amount paid annually for an insurance policy, providing coverage over a specified period of time.

Short-rate Refunds

A partial refund of premium on an insurance policy that has been canceled by the policyholder before its expiration, calculated using a method that is less than prorated.

Premium Rate

a higher price or cost than the standard, often for services that are considered to be of better quality or with added features.