Which of the Following Is Not an Example of a Support

question 22

Multiple Choice

Which of the following is not an example of a support expense reported by not-for-profit entities?

• A) Fund-raising expenses.
• B) Program expenses.
• C) Management expenses.
• D) General expenses of operating the not-for-profit entity.

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Definitions:

Absolute Advantage

The ability of a country or individual to produce a good or service more efficiently than other countries or individuals, using fewer resources.

Production Possibilities Frontiers

A curve depicting the maximum output combinations of two goods that can be produced given the resources and technology.

Opportunity Cost

The value of the best alternative that must be forgone when making a choice.

Chocolate Truffle

A type of chocolate confectionery, traditionally made with a chocolate ganache center coated in chocolate, cocoa powder, or chopped toasted nuts.