Answer the following statements true (T) or false (F)
1. Physical assets serve the same purpose as operating reserves.
2. A board of directors may withdraw funds from a quasi-endowment.
3. Bookkeeping is a method by which financial transactions are recorded.
4. Accounting consists of rules for reporting financial transactions.
5. Having diverse sources of revenue minimizes risk and maximizes autonomy for a nonprofit.
1. False
2. True
3. True
4. True
5. True
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Self-leadership can capitalize on the attractiveness of:
a. doing things that we like to do b. personality c. attitudes d. unpleasant work
In many other countries, variable pay has negative connotations, at least in part because ______.
A. it is illegal B. it is an individual incentive C. of negative views of the United States D. most other cultures prefer praise to tangible rewards
Top managers positively drive innovation when they:
a. have a future focus. b. have an external focus. c. view innovation is more than product development. d. both a & b above. e. all of the above
Which of the following would be an irrelevant cost?
A) Future costs that differ among alternatives. B) Benefits foregone by choosing one alternative over another. C) Costs that have already been incurred. D) Costs that are avoidable.