A Voluntary Health and Welfare Organization Developed and Printed Informational

question 48

Multiple Choice

A voluntary health and welfare organization developed and printed informational materials which were intended to both educate the public about how its resources are used to help people in need and to also appeal to the public for much needed support.In this situation,the cost of the informational materials should be

• A) accounted for as fund-raising expense.
• B) allocated to expenses for program services.
• C) allocated between expenses for program services and fund-raising expense.
• D) accounted for as management and general expense.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level.

Demand

The level of demand for goods or services that individuals are ready and capable of purchasing at multiple price points during a set period.

Increase

An upward change or growth in value, quantity, or size.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded at those prices, typically downward sloping.