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tion Which of the following statements contains the three principal characteristics of a not-for-profit organization? Select one: Oa. Tax deductibility of donations, break-even constraint, and

tion Which of the following statements contains the three principal characteristics of a not-for-profit organization? Select one: Oa. Tax deductibility of donations, break-even constraint, and no beneficial ownership O b. Tax deductibility of donations, break-even constraint, and political action Oc. Service objective, break-even constraint, and no beneficial ownership O d. Political action, break-even constraint, and no beneficial ownership O e. None of the listed answers are correct 8 of estion The purpose of budgets in a not-for-profit organization is Select one: O a. to ensure financially viable operations O b. to help motivate top management Oc. to ensure expenditures are kept in line with expected revenues Od. to set revenue targets. O e. all of the listed answers are correctimage text in transcribed

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