The markets for non-public, not-for-profit organisations are government markets.

中国大学MOOC: Profit center managers are often evaluated by comparing actual profit to targeted or budgeted profit

The<br/>Financial Accounting Standards Board has the responsibility for<br/>setting accounting and financial reporting standards for ( ) A: All federal and state<br/>organizations. B: All not-for-profit<br/>organizations that are nongovernmental and business entities. C: All not-for-profit organizations. D: Both B) and C) are correct.

The Governmental Accounting Standards Board (GASB) is the body authorized to establish accounting principles for all governmental and not-for-profit organizations.

All of the following statements regarding profit margin is true except A: Profit margin reflects the percent of profit in each dollar of revenue. B: Profit margin is also called return on sales. C: Profit margin can be used to compare a firm's performance to its competitors. D: Profit margin is calculated by dividing net income by net sales. E: Profit margin is not a useful measure of a company’s operating results.

经济利润与会计利润（economic profit versus accounting profit）

Some companies are ‘not-for-profit’ which provide much required services to those in need, and derive from the following organizations except ___________

利润（Profit）

To achieve profit is not the ultimate goal but profit is the bottom-line measure of a firm’s success and ability to survive.

Stock purchased was debited incorrectly to the motor vehicles account. The effect on the profit and loss account would be ？ A: Asset unaffected B: Asset understated C: Profit unaffected D: Profit affected