The financial objective of not-for-profit organizations is to raise the maximum possible sum each year (net of fundraising expenses) and to spend this sum as effectively as possible on the target group with the minimum of administration costs.Question 19AnswerTrueFalse

Fill in the Blank QuestionFill in the blank question. and nonprofit accounting supports organizations whose purpose is not generating a profit, but serving ratepayers, taxpayers, and others according to a duly approved budget.

Which is not a Financial Goal of a business?Answer areaProfit MaximisationCompany's Share pricesMaximizing Earning Per ShareShareholder's Wealth Maximisation

A distinguishing difference between governments and not-for-profit organizations is:*1 pointLack of a profit motiveAbsence of ownersTaxation as a significant source of fundingresource providers do not get proportional benefits for what they pay to the organization

The goal of OM is to optimize a company's profit by balancing costs and revenue.TrueFalse

Which of the following is not an organisational objective of management?Choose one optionEarning enough revenue to cover costsEarning sufficient profits to cover risks of businessIncrease in the prospects of business in the long runProviding free education to their employee’s children