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Fundamentals of Business Economics

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Fundamentals of Business Economics Questions and Answers

Questions 1

Some not-for-profit organizations (NPOs) are required to show they are effective. Which one of the following most closely defines effective?

Options:

A.  

Conducts its activities and operations at low cost

B.  

Achieves the goals and objectives set for it

C.  

Finds the correct balance between cost and benefit

D.  

Doesn't make losses