Public Colleges and Universities Are Required to Report as Engaged

question 103

True/False

Public colleges and universities are required to report as engaged in both governmental- and business-type activities because they receive tax dollars and charge user fees.

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Definitions:

Strategic Plan

A long-term business plan addressing broad issues of what a company’s management wants it to become and how it is to do business.

Business Plans

Detailed documents that outline the goals of a business, the strategy for achieving those goals, and the expected financial performance.

Operational Planning

The process of planning strategic goals and objectives to tactical goals and objectives. It describes milestones, conditions for success, and explains how, or what portion of, a strategic plan will be put into operation during a given operational period.

Financial Performance

An analysis of a company's ability to generate income from its operations over a certain period of time.