QUESTIONS A nonprofit must adopt three strategies that will to govern the cutbacks. Which one is not the strategy? Create savings Hire expertise Avoid across-the-board cuts Go with the cycle. 2.5 points Save Answer QUESTION 10 Net working capital is Total assets - current assets Total liabilities - current liabilities Current assets - current liabilities Current assets + current liabilities Question Completion Status: QUESTION 11 Liquidity does not include Short-term investment Unused line of credit Cash Long-term assets. 2.5 points Save Answer QUESTION 12 Being Liquid is important for nonprofit organization because of inconsistency of donations. True False. QUESTION 13 Due to unexpected windfalls, nonprofit may have short- term surplus cash. They can put extra cash to good use by Investing in short-term vehicles Taking advantage of trade credit terms Neither a norb Both a and b 2.5 points Save Answer QUESTION 14 Total Fixed Cost Increases as quantity of output is increased. Curve is perfectly horizontal to x-axis. Total cost divided by quantity Cost of one more unit of output