Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › not?for?profit organisations
- This topic has 5 replies, 2 voices, and was last updated 9 years ago by John Moffat.
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- November 25, 2015 at 12:10 pm #285166
Value for money is an important objective for not?for?profit organisations.
Which of the following actions is consistent with increasing value for money?
A Using a cheaper source of goods and thereby decreasing the quality of not?for?profit
organisation services
B Searching for ways to diversify the finances of the not?for?profit organisation
C Decreasing waste in the provision of a service by the not?for?profit organisation
D Focusing on meeting the financial objectives of the not?for?profit organizationNovember 25, 2015 at 4:17 pm #285224I am sorry, but we do not provide answers to test questions.
You must have an answer in whichever book you found the question, so say what problem you have with the answer and then I will try and help you.
November 26, 2015 at 6:26 am #285347sir, why answer is C, please explain. the kit did not explain.
November 26, 2015 at 9:54 am #285403Have you actually watched all of our lectures??
A Decreasing quality does not improve VFM
B diversifying financing is nothing to do with VFM
D not-for-profit do not focus on financial objectiveC all businesses (including not-for-profit) want to reduce waste.
November 29, 2015 at 6:57 am #286047thank you very much.
November 29, 2015 at 8:26 am #286071You are welcome 🙂
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