The program expense ratio is calculated as follows:
A) Program service expenses / Total expenses
B) Program service expenses + supporting service expenses / Total expenses
C) Total expenses / Program service expenses
D) Total expenses / Program service expenses + supporting service expenses

Question

Quizplus · Accepted Answer

The program expense ratio is calculated by dividing program service expenses by total expenses, indicating the proportion of expenses dedicated to program services.

The Program Expense Ratio Is Calculated as Follows