Which statement is true concerning budgeting in not-for-profit organizations?
A)It is not necessary since the goal is not profit-oriented.
B)It usually starts with budgeting receipts, following by expenditures.
C)It is based on cash flows rather than revenues and expenses.
D)The budget must be approved by the shareholders.

Question

Quizplus · Accepted Answer

The Answer of Which statement is true concerning budgeting in not-for-profit organizations?
A)It is not necessary since the goal is not profit-oriented.
B)It usually starts with budgeting receipts, following by expenditures.
C)It is based on cash flows rather than revenues and expenses.
D)The budget must be approved by the shareholders.

Which Statement Is True Concerning Budgeting in Not-For-Profit Organizations