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Questions and Answers
What are the two broad categories of nonprofits?
What are the two broad categories of nonprofits?
Nonprofits are always exempt from state income tax.
Nonprofits are always exempt from state income tax.
False
Social enterprises are always non-profit organizations.
Social enterprises are always non-profit organizations.
False
Which of the following is NOT a benefit of marketing for nonprofits?
Which of the following is NOT a benefit of marketing for nonprofits?
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What are the four Ps of the marketing mix?
What are the four Ps of the marketing mix?
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The ______ of raising money is a critical issue for nonprofits.
The ______ of raising money is a critical issue for nonprofits.
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Which of the following is a common characteristic of NGOs?
Which of the following is a common characteristic of NGOs?
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Diversity in the workplace for nonprofits is not as important as for for-profit organizations.
Diversity in the workplace for nonprofits is not as important as for for-profit organizations.
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What is the primary reason for the importance of fundraising for nonprofits?
What is the primary reason for the importance of fundraising for nonprofits?
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Earned income is a relatively new concept for nonprofits.
Earned income is a relatively new concept for nonprofits.
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Study Notes
Nonprofit Management Lecture Notes
- Nonprofits are distinct entities, acting as intermediaries between resource donors and clients.
- Nonprofits vary in scope, size, function, revenue sources, and governance models.
- Institutional sectors include corporations, government, voluntary organizations, and households/community organizations.
- Nonprofit management differs due to external focus, public accountability, and the diverse categories of public service and mutual benefit organizations.
- Tax treatments of nonprofits involve tax expenditures and direct expenditures, offering charitable contributions, tax exemptions, and governing funding.
- Nonprofit survival relies on funders, innovative fundraising techniques, and diversified revenue streams.
- Nonprofits often face challenges related to maintaining their tax-exempt status and complying with regulatory guidelines.
- Social enterprises have specific characteristics: combining social mission with market-based operations.
- Social enterprises contribute to economic growth.
- Several influences drive the growth of social enterprises including globalization, human rights, environmental concerns, income inequality and demographic shifts.
- Strategic management involves a disciplined approach to decision-making that shapes a non-profit's actions and direction.
- Strategic management is a tool to guide priorities and decision making, and is ongoing to incorporate feedback loops.
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Description
This quiz covers essential concepts in nonprofit management, including the unique roles of nonprofits, their governance structures, and financial considerations. It also explores the challenges these organizations face, particularly in funding and regulatory compliance. Test your knowledge of social enterprises and the relationship between resource donors and clients.