The Program Expense Ratio Is Calculated as Follows

question 156

Multiple Choice

The program expense ratio is calculated as follows:

• A) Total expenses / Program service expenses
• B) Program service expenses + supporting service expenses / Total expenses
• C) Program service expenses / Total expenses
• D) Total expenses / Program service expenses + supporting service expenses

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Definitions:

Quantity Supplied

The total amount of a product that producers are willing and able to sell at a given price in a given time period.

Surplus

An economic situation where the quantity of goods supplied is greater than the quantity demanded.

Shortage

A situation in an economy where the demand for a product or service exceeds the supply available at a specific price.

Equilibrium Price

The financial value where the availability of goods equals consumer demand.