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The principal purpose of budgets in a not-for-profit organization is Select one: O a. to ensure profitable operation O b. to motivate top management O

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The principal purpose of budgets in a not-for-profit organization is Select one: O a. to ensure profitable operation O b. to motivate top management O c. to set revenue targets O d. to ensure expenditures are kept in line with expected revenues o e, all of the above Return on sales, return on assets and return on equity are examples of Select one: O a. Liquidity ratios O b. profitability ratios O C. debt ratios on O d. efficiency ratios O e market-related ratios

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