Corporate Finance (The Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
11th Edition
ISBN: 9780077861759
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 1, Problem 2CQ
Summary Introduction
To discuss: Goals of a Person X (The
Introduction:
Not-for-profit-organization is a type of organization which does not distribute its profits or dividends to its shareholders or investors rather it uses the profits towards the organizations progress and wealth. Examples of not-for-profit-organization are charitable institutions, trust and public service organizations.
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Suppose you were the financial manager of a not-for-profit business (a not-for-profit hospital). What kinds of goals do you think would be appropriate?
How will you, as a health care manager, be engaged in the long-term finance of your organization? Give specific instances of what you're talking about.
A not-for-profit organisation (for example, a university) will:
Select one:
O A. Be concerned with costs
O B. Require non-quantifiable information
O C.
Try to plan future revenues
O D. All of the above.
Chapter 1 Solutions
Corporate Finance (The Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
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