Practice - Use of Income
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Practice Questions
Test your understanding with targeted questions
What is the primary purpose of income in non-trading organisations?
💡 Hint: Think about what non-profit means.
Name one source of income for a charitable organisation.
💡 Hint: Consider where charities usually get their funds from.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What happens to the income earned by a non-trading organisation?
💡 Hint: Remember the purpose of a non-profit.
True or False: Surplus income in non-trading organisations is distributed among the owners.
💡 Hint: Focus on 'not-for-profit' aspects.
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Challenge Problems
Push your limits with advanced challenges
Assess the potential impact of an increase in donation income for a local charity on its operational capabilities in the following year.
💡 Hint: Think about what additional resources can be funded with more income.
Develop a strategy that a non-trading organisation could implement to ensure sustainable income generation over the long term while maintaining its mission.
💡 Hint: Consider how various stakeholders could contribute and how funding can be maintained.
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Reference links
Supplementary resources to enhance your learning experience.