The Program Expense Ratio for a Not-For-Profit Organization Will Improve

question 55

True/False

The program expense ratio for a not-for-profit organization will improve if the organization shifts costs from fund-raising to administrative expenses.

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Definitions:

Termination

The act of ending an employee's contract with a company, which can be voluntary or involuntary.

Discharge

The termination of an employee's position or duties, which can be due to various reasons, including redundancy, misconduct, or organizational restructuring.

Seniority

A system in which privileges or positions are given according to the length of service or tenure of an individual within an organization.

Hiring Freeze

A policy or decision by an organization to temporarily halt the recruitment of new employees, often due to financial constraints.