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Author Question: Because profit, or the bottom line, is not the measure of success for not-for-profit organizations, ... (Read 128 times)

joe

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on: Jul 6, 2018
Because profit, or the bottom line, is not the measure of success for not-for-profit organizations, managers of charitable organizations do not have to concern themselves with the financial aspects of their organizations.
 
  Indicate whether the statement is true or false.

Question 2

A manager in a large business generally will spend more of his or her time as a spokesperson and entrepreneur than his or her counterpart in a small business.
 
  Indicate whether the statement is true or false.
Fundamentals of Management: Essential Concepts and Applications ¦ Robbins, Coulter, De Cenzo ¦ 10th Edition
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xiazhe

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: FALSE
Explanation: Managers of non-profit organizations are interested in the financial aspects of their organizations primarily for reasons of efficiency. Generally, the less money and resources they waste in being inefficient, the more they have for attaining their actual goals.

Answer to Question 2

Answer: FALSE
Explanation: Only the very top managers in a large firm spend much time in spokesperson and entrepreneurial roles. In a small firm, a manager is much more likely to take on the role as a spokesperson or a rainmaker who procures new business.


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