Historically, What Was the Pattern of Reporting of Not-For-Profit Organizations

question 58

Multiple Choice

Historically, what was the pattern of reporting of not-for-profit organizations?
(1) Patterned after for-profit accounting
(2) Emphasis on separate fund types
(3) Disregard for the entire entity

• A) 1 only.
• B) 2 only.
• C) 1 and 2 only.
• D) 1, 2 and 3.
• E) 2 and 3 only.

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution. It aims to provide an accurate description of the entire dataset.

Mean

In statistics, the average of a set of numbers, calculated by adding them all up and dividing by the count of those numbers.

Variation

Variation refers to the differences in characteristics or traits among individuals within a population, arising from genetic diversity or environmental factors.

Standard Deviation

A statistical measurement that quantifies the variation or dispersion of a set of data values from the mean.