Are you ready for this "Accounting for Governmental & Not-for-Profit Entities" quiz that we have brought here for you? Financial Accounting means to analyze, summarize, and record financial transactions as well as to show an accurate picture of the financial affairs of the company. This quiz has been developed to test your knowledge of Financial Accounting Concepts for Non-Governmental and Not-For-Profit Entities. So, let's try out the quiz, and we will see how well you are able to score. All the best to you with this quiz, and have fun!
True
False
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Multiple stakeholders
Revenue orientation
Multiple objectives.
Transparency.
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False
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With not-for- profit 'products', there is typically a weaker unique selling proposition
In the not-for-profit environment, it may be necessary to develop a campaign to drive behaviour in all targets rather than a specific audience
The mission statement of non-profit organizations usually revolve around being the best in a particular sector.
Price has different connotations in not-for-profit situations
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False
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Political marketing.
Cause marketing.
Event marketing.
Public-sector marketing.
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They have extensive research programme to identify customers' needs.
They exist in a monopolistic situation.
The demand far outstrips supply
A lack of market segmentation activity exists
Business enterprise.
Public sector.
Campaigning organization
Social enterprise.
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