Which of the Following Is not Correct with Respect to Service

question 30

Short Answer

Which of the following is not correct with respect to Service Efforts and Accomplishments SEA reporting?
A) The fundamental problem is that government and not-for-profit effectiveness cannot be expressed solely in financial terms.
B) Ratio analysis is sufficient to illustrate program efficiency and effectiveness.
C) Effectiveness in nonbusiness organizations must be measured in terms of the quality of the service provided or the extent to which an organization fulfills its mission.
D) To demonstrate effectiveness, many governments and not-for-profits report nonfinancial information in addition to their financial statements.

• A) The fundamental problem is that government and not-for-profit effectiveness cannot be expressed solely in financial terms.
• B) Ratio analysis is sufficient to illustrate program efficiency and effectiveness.
• C) Effectiveness in nonbusiness organizations must be measured in terms of the quality of the service provided or the extent to which an organization fulfills its mission.
• D) To demonstrate effectiveness, many governments and not-for-profits report nonfinancial information in addition to their financial statements.

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Definitions:

Cerebrovascular Accident

A stroke; caused by a hemorrhage in the brain or more often by a clot lodged in a cerebral artery.

Petty Cash Fund

A small amount of cash kept on hand to pay for minor expenses, such as office supplies or reimbursements.

Journal Entries

Documentation of financial transactions in a journal, showing the accounts and amounts debited and credited.

Vouchers

Documents serving as evidence for transactions, such as payments or receipts, and authorize the related accounting entries.