The Shows How Every Category of Expense Is Allocated by a Nonprofit

question 46

Multiple Choice

The shows how every category of expense is allocated by a nonprofit.

• A) statement of activities
• B) statement of financial position
• C) statement of cash flows
• D) statement of functional expenses

---

Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service relative to its market price, representing the economic benefit to consumers.

Demand Curve

A visual depiction that illustrates the correlation between a product's price and the amount consumers want to buy.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.

Total Utility

The total satisfaction or benefit obtained from consuming a given quantity of goods or services.