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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the primary purpose of income in non-trading organisations?
💡 Hint: Think about what non-profit means.
Question 2
Easy
Name one source of income for a charitable organisation.
💡 Hint: Consider where charities usually get their funds from.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What happens to the income earned by a non-trading organisation?
- Distributed to shareholders
- Reinvested into the organisation
- Saved in a bank
💡 Hint: Remember the purpose of a non-profit.
Question 2
True or False: Surplus income in non-trading organisations is distributed among the owners.
- True
- False
💡 Hint: Focus on 'not-for-profit' aspects.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
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.
Question 2
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.
Challenge and get performance evaluation