One of the Roles That a Non-Profit Manager May Emphasize

question 48

Short Answer

One of the roles that a non-profit manager may emphasize over their counterpart in a for-profit organization is ____________________.

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Definitions:

Installment Sales Method

An accounting technique for recognizing revenue and expenses for sales made on credit, proportionate to the cash collected from the customer.

Cost Recovery Method

An accounting technique used to recognize revenue only after all costs are recovered.

Gross Profit

The difference between the sales and the cost of goods sold, representing the basic profitability of the products or services sold.

Franchise Agreement

A legal contract in which a franchisor grants the right to operate a business using its brand and system to a franchisee in return for a fee.