A Good Measure of Whether a Not-For-Profit Organization Is "Liquid

question 59

Multiple Choice

A good measure of whether a not-for-profit organization is "liquid" and can meet its short-term obligations is:

• A) Percentage of program expenses to total expenses.
• B) Total revenues divided by total expenses.
• C) Current assets divided by current liabilities.
• D) Percentage of unrestricted net assets to operating expenses.

---

Definitions:

Griggs V. Duke

A landmark 1971 Supreme Court case (Griggs v. Duke Power Co.) that prohibited employment discrimination and established the principle of disparate impact, shaping civil rights and labor law.

Racially Neutral

Refers to policies, actions, or attitudes that do not favor any specific race or ethnic group, aiming for fairness and equality across racial lines.

Regents Of The University Of California V. Bakke

A landmark 1978 Supreme Court case that ruled against rigid racial quotas but allowed race to be considered as one of several factors in college admissions.