The Statement of Functional Expenses Presents a Matrix of Expenses

question 140

True/False

The Statement of Functional expenses presents a matrix of expenses classified by function various programs, fund-raising, etc. and by object or natural classification salaries, supplies, travel, etc..

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Definitions:

Evaluative Group

A group used as a reference point for assessing or making judgments about something or someone.

Formal Organizations

Secondary groups designed to achieve explicit objectives.

Secondary Groups

Social groups characterized by impersonal, formal, and instrumental relationships, often focused on a specific goal or task.

Explicit Objectives

Clearly defined goals or purposes that an organization or individual aims to achieve.