Cratchfield and Grant Write That Nonprofit Organizations Have More Impact

question 29

Multiple Choice

Cratchfield and Grant write that nonprofit organizations have more impact if they:

• A) raise large amounts of money.
• B) develop strategy.
• C) implement performance measures.
• D) work with other organizations.

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Definitions:

Perfectly Elastic

Describes a situation where the quantity demanded or supplied responds infinitely at a particular price level.

ΔTR/Δq

The change in total revenue that results from selling one additional unit of a product, essentially another term for marginal revenue.

Marginal Revenue

Earnings obtained from the sale of one more unit of a good or service.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, reaching a state of balance.