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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › not?for?profit organisations
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 organization
I 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.
sir, why answer is C, please explain. the kit did not explain.
Have 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 objective
C all businesses (including not-for-profit) want to reduce waste.
thank you very much.
You are welcome 🙂
