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non for profit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › non for profit

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by AvatarJohn Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • October 5, 2017 at 4:41 pm #409560
    Avataradarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    The following statements have been made about measuring performance in not-for-profit
    organisations:
    (1) Output does not usually have a market value, and it is therefore more difficult to
    measure effectiveness.
    (2) Control over the performance can only be satisfactorily achieved by assessments of
    ‘value for money’.
    Which of the above statements is/are true?

    – The answer is statement 2.
    -Could you explain how statement 1 not be the answer?
    -Also, how statement 2 is correct?

    October 5, 2017 at 5:33 pm #409571
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54838
    • ☆☆☆☆☆

    The market value of outputs is nothing to do with effectiveness.

    With regard to (2) you need to watch my lectures – it is always value for money that is important for not-for-profit organisations!

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  • The topic ‘non for profit’ is closed to new replies.

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