Sir
In the context of non for profit organizations,
wealth maximization is still An important objective as non for profit organizations will still have owners.
is a false statement right ?
Secondly
I cannot understand why Most key objectives in a non for profit organizations are difficult to quantify especially in financial terms
Ask the Tutor ACCA FM
Non for profit org
3y ago#1Yes - the statement is false.
In the second case, think of the police service. Although they cannot ignore financials (for example they want to keep costs low), most of their objectives are things like cutting crime and catching criminals. These are hard to quantify.
Have you watched my free lectures on this?
Yes sir I did watch
But why is hard to quantify
Thanks
3y ago#3You tell me how you would measure how good the police are at catching criminals? There are various things you might look at but there is no one precise measure of it.
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