Fiduciary relation in not for profit organizations is primarily towards ___&
Anonymous Quiz
19%
Shareholders
14%
Government
44%
Contributors
23%
Members
Which measure of performance could be the number of students trained per hour by a teacher in a school providing free education?
Anonymous Quiz
23%
Effectiveness
59%
Efficiency
14%
Economy
4%
Equity
Why is it important to balance financial measures with non financial measures in performance measurement?
Anonymous Quiz
8%
To eliminate financial measures
9%
To cut necessary expenditure
69%
To ensure long term impact
14%
To avoid detrimental effects
What does the performance measurement process start with in not for profit organisations
Anonymous Quiz
14%
Identification of financial objectives
76%
Evaluation of mission, vision & strategy
7%
Allocating funds to stakeholders
3%
Ignoring stakeholders needs
What is the primary challenge in measuring the utility of funds for not for profit organization?
Anonymous Quiz
13%
Excessive budgeting
22%
Lack of utility
42%
Limited funds
23%
Unnecessary spending
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What is the main purpose of responsibility accounting?
Anonymous Quiz
31%
Record & Report financial information
63%
Measure & evaluate individual manager performance
5%
Monitor external reporting requirements
2%
Analyze market trends
Responsibility Accounting is implemented by issuing _ reports at frequent intervals that inform responsibility centre managers of the deviations from budgets for which they are accountable and required to take action.
Anonymous Quiz
9%
Analytical Report
87%
Performance Report
3%
Research Report
1%
Marketing Report
__ expands its scope to include the impact of business decisions on the environment & society as well. The 3Ps draw the organizations attention to not just the Profit motive but also to nurturing Planet & People towards a sustainable future.
Anonymous Quiz
9%
Global Reporting Initiative Report
23%
ESG Reporting
66%
Triple Bottom Line Report
3%
Integrated Report
What are the six different categories of capitals considered in integrated reporting for value creation?
Anonymous Quiz
7%
Profit, Loss, Capital, Revenue, Expenditure & Debt
54%
Financial, Technical, Social, Environmental, Governance & Intellectual
10%
Are required by an accounting standards to be based on the Balance Scorecard System
28%
Monetary, Human, Natural, Technological, Ethical, Social
Which of the following is the indicator of Non- financial Qualitative Data?
Anonymous Quiz
3%
ROCE
2%
GP Ratio
92%
Staff Morale
2%
Volume of Sales
Which type of Performance Report is used for better utilisation of resources?
Anonymous Quiz
26%
Earned Value Report
21%
Forecasting Report
10%
Trend Report
43%
Variance Report
What is the purpose of an executive summary in a performance report?
Anonymous Quiz
14%
Provide detailed information
73%
Summarize key details
9%
Include financial projections
4%
Analyze market trends
What is a key element of a performance report?
Anonymous Quiz
7%
Financial baseline
4%
Managerial hierarchy
33%
Responsibility accounting
56%
Performance assessment
What is the main purpose of a forecasting report?
Anonymous Quiz
18%
Compare actual vs planned progress
77%
Estimate future performance
2%
Report completed tasks
2%
Capture the state of the activity
Which type of Performance Report is a part of status report
Anonymous Quiz
42%
Earned value Report
17%
Forecasting Report
20%
Trend Report
21%
Variance Report
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Anonymous Poll
73%
Want a mixed MCQ's on Chapter 2,3,9,10,11
27%
A New Chapter MCQ's