A Ratio That Measures a Not-For-Profit Organization's Solvency Is

question 151

Multiple Choice

A ratio that measures a not-for-profit organization's solvency is:

• A) Net assets/expenses.
• B) Working capital ratio.
• C) Program expense ratio.
• D) Fund-raising efficiency.

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Definitions:

Bone Spur

A bony growth formed on normal bone, often causing pain and discomfort when it rubs against tissues or nerves.

Gift Causa Mortis

A gift made in contemplation of imminent death, which becomes effective only if the donor dies as anticipated.

Lottery Ticket

A piece of paper or a digital token that allows the holder a chance to win a prize in a drawing of lots.

Inter Vivos Gift

A gift given by a living person during their lifetime, as opposed to a bequest or legacy left in a will, which does not take effect until after the donor's death.