Who Are the Key Stakeholders of Not-For-Profit (NFP)organisations

question 6

Multiple Choice

Who are the key stakeholders of not-for-profit (NFP) organisations?

• A)The community
• B)The government
• C)The citizens
• D)The issue is not clear

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Definitions:

Write Off

The accounting action of declaring that an asset is no longer collectible and recording its worth as zero, resulting in it being expensed.

Sales Revenue

The income received by a company from selling goods or services before any costs or expenses are subtracted.

Credit

The trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources at a later date.

Goods Received

The receipt of goods ordered by a company, often documented with a goods received note (GRN) that verifies the delivery and details of the goods.