For most nonprofit organizations,the approved budget serves as the legal authority for expenditures.

Question

Quizplus · Accepted Answer

This is true. Nonprofit organizations use their approved budget as a guide for spending and all expenditures should be made in accordance with the budget. This helps to ensure that funds are used appropriately and in a way that aligns with the organization's goals and objectives. Additionally, nonprofits may face legal repercussions if they spend money outside of the approved budget without proper authorization.

For Most Nonprofit Organizations,the Approved Budget Serves as the Legal