A Not-For-Profit Organization Provides Language Training and Homework Assistance to Immigrants

question 2

Multiple Choice

A not-for-profit organization provides language training and homework assistance to immigrants. Most of the services are provided by volunteers and all the funds come from public donations. The primary objective in preparing financial statements for this organization is ________.

• A)stewardship
• B)measuring the cost of services rendered
• C)predicting cash flow
• D)management evaluation

Apply the concept of contribution margin to determine the most profitable product mix.

Calculate and interpret the accounting rate of return on an investment.

Understand and apply net present value (NPV) and investment decision rules in selecting investment projects.

Evaluate the financial impact of decision alternatives in special scenarios such as scrapping or rebuilding units.

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Definitions:

Best Compensation System

An ideal compensation framework that effectively attracts, motivates, and retains employees while supporting the organization's strategic goals.

Broad Spectrum

A wide range or variety of something, typically referring to activities, approaches, or ideas that cover multiple areas or aspects.

Organizations

Groups of people coming together with a shared purpose, structured in a way that allows for coordinated action to achieve common goals or objectives.

Reward System

The structure or set up an organization uses to incentivize and recognize employee performance.