The program expense ratio is a measure of the efficiency of a not-for-profit in utilizing resources to fulfill its mission, rather than for fund-raising and administration.
Answer the following statement true (T) or false (F)
True
The program expense ratio is a measure of the efficiency of a not-for-profit organization in utilizing resources to fulfill its mission, rather than for fund-raising and administration. The ratio is commonly reported in rankings of charitable organizations.
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A conflict can result from which of the following?
A. resolved differences B. shared understanding C. anger D. agreement
Auditors will examine significant sales returns immediately subsequent to the period under audit in order to do which of the following?
a. Substantiate cutoff and the occurrence of net sales transactions. b. Test the sufficiency of cash balances to cover refunds. c. Monitor customer satisfaction for disclosure. d. Assess the nature of procedures that will be performed for the next period's audit.
Which of the following economic characteristics is consistent with a commercial bank?
a. Low barriers to entry. b. High levels of research and development. c. Low profit margin on lending activities. d. Low profit margin on fee-based financial services, such as merger consulting.
Which of the following is not considered an advantage of immigration?
A. It provides a way for people to seek asylum and create a better life for themselves B. It generates exchange of ideas and innovation C. It provides a source of low-skilled labor that may be willing to work in undesirable jobs D. It results in overall wage increases because there are more job applicants and employers are able to choose the "cream of the crop"