A local not-for-profit organization's director was heard to say, Capital investment analysis works for profit-making organizations but

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A local not-for-profit organization's director was heard to say, "Capital investment analysis works for profit-making organizations but not for us. We're trying to maximize benefits to the people whom our organization serves and not trying to maximize profits." Comment on the pros and cons of the quote.

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Managerial Accounting

ISBN: 9780538842822

9th Edition

Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson

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