A Measure of Performance That Expresses How Much an Organization

question 22

Multiple Choice

A measure of performance that expresses how much an organization expends in raising a dollar of donations is:

• A) Fund-raising efficiency.
• B) Program expense ratio.
• C) Working capital ratio.
• D) None of the above.

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Definitions:

Holder In Due Course

A legal term for someone who has acquired a negotiable instrument in good faith and for value, therefore having certain rights to it free of defenses.

Post-Dating

Writing a future date on a document or check, thereby delaying its effectiveness or negotiability until that date.

Negotiability

The feature of a financial instrument that allows it to be transferred or assigned from one party to another with the legal ownership and benefits passing to the transferee.

Check

A documented, signed, and dated directive that instructs a bank to pay a predetermined amount of money to the bearer or a specified individual.