Corporate Finance
12th Edition
ISBN: 9781259918940
Author: Ross, Stephen A.
Publisher: Mcgraw-hill Education,
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Chapter 1, Problem 2CQ
Summary Introduction
To discuss: Goals of a Person X (The
Introduction:
Not-for-profit-organization is a type of organization which does not distribute its profits or dividends to its shareholders or investors rather it uses the profits towards the organizations progress and wealth. Examples of not-for-profit-organization are charitable institutions, trust and public service organizations.
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Suppose you were the financial manager of a not-for-profit business (a not-for-profit hospital). What kinds of goals do you think would be appropriate?
How will you, as a health care manager, be engaged in the long-term finance of your organization? Give specific instances of what you're talking about.
A not-for-profit organisation (for example, a university) will:
Select one:
O A. Be concerned with costs
O B. Require non-quantifiable information
O C.
Try to plan future revenues
O D. All of the above.
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