Control Systems in Nonprofit Organizations Probably Will Never Be as Highly

question 21

Multiple Choice

Control systems in nonprofit organizations probably will never be as highly developed as in profit-seeking firms because in nonprofit organizations

• A) there is more competitive pressure from other organizations to improve management control systems.
• B) the role of budgeting is often more a matter of playing bargaining games with sources of funding to get the largest possible authorization than it is rigorous planning.
• C) organizational goals and objectives are more clear.
• D) measurements are less difficult to make.

Calculate the future value of investments using different rates of return and inflation rates.

Recognize the impact of tax brackets on investment choices and calculate after-tax yields.

Plan for long-term financial goals, including retirement and bequests, using financial calculations.

Compare and contrast taxable and tax-exempt investment options.

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Definitions:

Principal Objective

The main goal that the parties to a contract hoped to meet by entering the contract in the first place.

Admissions

The process of allowing people to enter a place, institution, or specific program, often based on certain criteria.

Oral Contracts

Agreements made through spoken words rather than written documents, which can be legally binding but are often harder to prove.

Voicemail

An electronic system that records and stores voice messages left by callers, when the recipient is unavailable to answer the phone.