The Principles of Management Apply to Both Not-For-Profit Organizations as Well

question 115

True/False

The principles of management apply to both not-for-profit organizations as well as profit-seeking firms.

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Definitions:

Due Date

The specific date by which a payment is required to be made.

Freight

The charge paid for transport of goods by sea, air, or land, typically based on the weight and distance of the shipped items.

Cash Discount

A reduction in the price of goods or services offered to purchasers as an incentive for early payment.

Discount Date

The specified date when a payment is to be made with a discount for early settlement.