Since the Operational Requirements for Nonprofits Are Completely Different from Businesses

question 55

True/False

Since the operational requirements for nonprofits are completely different from businesses, information systems do not offer any strategic uses to nonprofits.

---

Definitions:

Compound Interest

This refers to interest earned or paid on the initial amount of a deposit or loan, plus any interest that has accrued over time.

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Percentage Calculation

The mathematical process of finding a percentage, which involves multiplying a value by a percent and dividing by 100.

Average Tax Rate

The ratio of the total amount of taxes paid to the total taxable income, showing the percentage of income that goes to taxes.