One Overarching Force That Has Driven the Nonprofit Management Revolution

question 18

Multiple Choice

One overarching force that has driven the nonprofit management revolution of recent decades has been:

• A) the introduction of competition resulting from changes in funding patterns, growth of the sector, and increasing demands for accountability.
• B) the need to hire formally trained managers.
• C) the invasion of for-profit business into philanthropy.
• D) the development of the MPA degree programs in universities, which differentiated the study of public management from the discipline of political science.

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Definitions:

Profit-Maximizing

A strategic goal of businesses to achieve the highest possible profit through adjusting production levels, pricing strategies, and cost management.

Final Good

A good that is intended for final use by the consumer, distinct from intermediate goods which are used in producing other goods.

Marginal Product

Marginal Product is the additional output produced as a result of utilizing one more unit of a particular input, holding all other inputs constant.

Stock Dividends

A form of dividend payment made by a corporation to its shareholders in the form of additional shares, rather than cash.