What objectives might the following not for profit organisations have?
(a) An army (d) A political party
(b) A local council (e) A college
(c) A charity
Here are some suggestions.
(a) To defend a country
(b) To provide services for local people (such as the elderly)
(c) To help others/protect the environment
(d) To gain power/enact legislation
(e) To provide education
Which of the following is an example of an internal stakeholder?
Which TWO of the following are most likely to be performance measures for a not for profit organisation?
(1) Efficient resource allocation.
(2) Return on investment (ROI) and residual income (RI)
(3) Minimising the cost of resources used.
(4) Success measured against competition
A government body uses measures based on the 3Es to measure value for money generated by a publicly funded hospital. It considers the most important performance measure to be 'cost per successfully treated patient'
Which of the 3Es best describes the above measure?
For a not for profit organisation with multiple objectives, which aspect of performance is the most difficult to assess?
Economy means cost cutting. True or false?