In Terms of Strategic Cost Management for Not-For-Profit Organizations, Which

question 45

Multiple Choice

In terms of strategic cost management for not-for-profit organizations, which of the following is false?

• A)Not-for-profit organizations can benefit from strategic cost management since they must prove their effectiveness and efficiency to a number of different stakeholders.
• B)The balanced scorecard can be used to measure the organization's performance.
• C)Value chain analysis can be used for analyzing the organization's product design, product testing, advertising, and production processes.
• D)SWOT analysis is most helpful for non-profit organizations when it deals with the organization's competitive threats, opportunities, and critical success factors.

---

Definitions:

Evaluating Alternative Solutions

The process of systematically comparing different options or strategies to determine the best course of action.

Benefits

Advantages or positive outcomes that come from certain actions or policies.

Costs

Costs represent the monetary value required for the production of goods or services, including expenses related to materials, labor, and overhead.

Timeliness

The quality of occurring at a favorable or useful time, especially in the context of making decisions or taking actions without unnecessary delay.