The program expense ratio for a not-for-profit organization will improve if the organization shifts costs from fund-raising to program expenses.
Answer the following statement true (T) or false (F)
True
The program expense ratio is calculated as program service expenses divided by total expenses and provides an indication of the extent to which a not-for-profit is dedicating its resources to programs as opposed to administration, fund-raising and membership development. Shifting costs from fund-raising to program expenses will increase/improve the ratio.
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