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Question: A board that is elected in a classified system is known as a
Answer option
- A. Diversified board
- C. Staggered board
- B. Rotating board
- D. Declassified board
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Question: An organization that sets the bar too high in its expectations of___may find itself with a severe shortage of this potentially valuable resource
Answer option
- A. Staff
- B. Volunteers
- C. Labor
- D. Administrator
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Question: An organization’s appropriate tone at the top promoting ethical conduct is an example of
Answer option
- A. Ethics sensitivity
- B. Ethics incentives
- C. Ethical behavior
- D. Consequentiality
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Question: Corporate Governance is a system of structuring, operating and controlling a company with the specific aims in which one of the below is not the aim
Answer option
- A. Fulfilling long-term strategic goals of owners
- B. Taking care of the interests of share holders
- C. A consideration for the environment and local community
- D. Maintaining excellent relations with customers and suppliers
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Question: Credit side balance in Income & Expenditure Account reveals
Answer option
- A. Excess of cash receipts over payments
- B. Excess of cash payments over receipts
- C. Excess of expenditure over income
- D. Excess of income over expenditure
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Question: final accounts of a ‘not-for-profit organisation’ consist of the following
Answer option
- A. Pro action, Defensive, Reinvestment, Reaction
- B. Reaction, Defense, Investment, Withdrawal
- C. Reaction, Defense, Reinvestment, Pro action
- D. Reaction, Defense, Accommodation, Pro action
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Question: Legal status of Nonprofit organization is not seen in___
Answer option
- A. Trust
- B. Society
- C. Corporation
- D. Private company
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Question: Non-for-profit organizations prepare
Answer option
- A. Trading Account
- B. Trading & Profit and Loss Account
- C. Income and Expenditure Account
- D. All of the above
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Question: Non-profit sector accounts for a considerable percentage of national___in many countries
Answer option
- A. NNP
- B. GDP
- C. NDP
- D. GNP
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Question: Nonprofit organization need to match volunteer skills with assignments
Answer option
- A. True
- B. False
- C. Can’t say
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