WEEK+2+INDIVIDUAL+ASSIGNMENT[1]

WEEK+2+INDIVIDUAL+ASSIGNMENT[1] - EXERCISES 1-1 1. The...

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EXERCISES ••••••••••••••••••••••••••••••••••••••••••••••••••• ••••••••••••••••••••••••••••••••••••••••••••••••••• •••••••••••••••••••• 1-1 1. The traditional business model of accounting is inadequate for governments and not-for-profit organizations primarily because businesses differ from governments and not-for-profit organizations in that a. They have different missions b. They have fewer assets c. Their assets are intangible d. Taxes are a major expenditure of businesses 3. The primary objective of a not-for-profit organization or a government is to a. Maximize revenues b. Minimize expenditures c. Provide services to constituents d. All of the above 4. In governments, in contrast to businesses, a. Expenditures are driven mainly by the ability of
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WEEK+2+INDIVIDUAL+ASSIGNMENT[1] - EXERCISES 1-1 1. The...

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