Nonprofit Management Principles and Practice 4th edition Michael J. Worth - Solutions

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Should governments be the principal sources of assistance for economic development and poverty reduction, or should philanthropy play the leading role? What are the advantages and disadvantages of each type of action? What should be the relationship between private and government efforts? Explain.
If you had the financial capacity to be a significant philanthropist, would you focus your giving on reducing world poverty or on addressing social problems in the United States? Explain your answer.
If you were a nonprofit CEO, how would you summarize the advantages and disadvantages of the three primary sources of nonprofit revenue?philanthropy, earned income, and government?
The Cystic Fibrosis Foundation invested $150 million in a small biotechnology company to support development of new drugs to treat the deadly lung disease with which the Foundation is concerned. In 2014, the Foundation announced that it would receive $3.3 billion from selling the right to royalties
Look up the Form 990 of a nonprofit organization that interests you. (It is likely available on Guidestarat www.guidestar.org.) Go through the financial data and develop your own analysis of the organization?s finances. Questions you might think about include the following: Does it appear to have
Some people argue that nonprofit organizations should not have endowments at all. One of their arguments goes something like this: Putting money aside in endowment means depriving today?s generation of the use of those resources so as to benefit future generations, who will receive services
4. (b)(a) Always(b) Convictions for offenses related to the job applied for(c) After an arrest for an offense related to the job applied for(d) Never
4. When can you inquire into an applicant’s criminal history?
3. Duty of care you owe under the Uniform Commercial Code is: 3. (d)(a) each item you store must be fully insured at its replacement value.(b) each item you store must be fully insured at its depreciated value.(c) you may not store items without a written contract.(d) you must act as a reasonably
2. List three potential technological threats.
1. Which of the following is not an incited crisis? 1. (c)(a) Terrorism(b) Arson fire(c) Work stoppage due to an employee refusing to use a piece of equipment(d) Work stoppage during a labor dispute
5. Fill rates indicate: 5. (c)(a) how much of a particular SKU you have in stock at the end of a calendar month.(b) the quantitative nature of your inventory.(c) if you had what you needed when you needed it.(d) the ratio of accurate shelf counts to record counts.
4. True or False 4. (b)The diminishing population method of cycle counting involves counting items when that SKU’S stock level reaches zero.(a) True(b) False
3. Run charts allow you to: 3. (b)(a) analyze the sequential sequence of a set of events.(b) determine trends.(c) compare a projected value against an actual one.(d) create a report that identifies the number of items per level and number of tiers of product on a flow-through rack.
2. Flow charts allow you to: 2. (a)(a) analyze the sequential sequence of a set of events.(b) determine trends.(c) compare a projected value against an actual one.(d) create a report that identifies the number of items per level and number of tiers of product on a flow-through rack.
1. Cycle counting is: 1. (a)(a) counting a statistically significant cross-section of your inventory frequently.(b) counting everything in your facility at least twice per calendar or fiscal year.(c) determining a fair valuation of your inventory value at least once per fiscal year.(d) counting all
7. JIT systems regard inventory in excess of current production and R & D needs to be: 7. (c)(a) safety stock.(b) FIFO inventory.(c) waste.(d) part of the kanban system.
6. The bill of materials is: 6. (b)(a) another name for a purchase order.(b) the recipe of raw materials and subassemblies that make up a finished product.(c) the schedule of what will be built, when, and in what quantities.(d) an accounts payable concept.
5. The reorder point is the 5. (c)(a) point in time when a product review is undertaken.(b) largest quantity of an item you will have on hand or on order.(c) lowest quantity of an item you will have on hand or on order before you reorder(d) lowest quantity at which you can obtain a discount from a
4. requirements
4. Dependent demand calls for a(n) ___________ approach to inventory management.
3. replenishment
3. Independent demand calls for a(n) ___________ approach to inventory management.
2. Just-in-time manufacturing results in: 2. (a)(a) right item, right quantity, right place, right time.(b) right item, right quantity, right place.(c) right item, right quantity.(d) larger inventory levels.
1. Independent demand is best described as: 1. (c)(a) erratic purchasing of inventory.(b) one item is needed because of its relationship to another item.(c) items are impacted by market conditions outside the control of your organization’s operations, and they are therefore independent of
5. Which symbology is the most widely used for retail point of sale transactions? 5. (a)(a) Universal Product Code(b) Code 39(c) Code 128(d) Codabar
4. (a)(a) True(b) False
4. True or False A discrete symbology starts with a bar and ends with a bar.
3. True or False The most widely used bar code symbology for nonretail applications is Code 39. 3. (a)(a) True(b) False
2. True or False There are only five types of bar code languages. 2. (b)(a) True(b) False
1. (c)(a) “X” Dimension(b) A 3 of 9 interleave(c) Quiet zones(d) An aperture
1. What appears on both sides of a bar code symbol to give the scanner a starting point from which to start its measurements?
5. Pareto’s Law holds that: 5. (c)(a) 80 percent of all items account for 80 percent of the dollar value of 20 percent of those items.(b) 20 percent of all items account for 20 percent of the usage value of 80 percent of those items.(c) 80 percent of all items contain 20 percent of the value of
4. In relationship to its unloading/loading ratio, an SKU should be placed closer to its point of use if the ratio is: 4. (a)(a) 1:28.(b) 1:1.(c) 3:15.(d) 28:28.
3. Regarding random locator systems,: 3. (b)(a) each item has an assigned home in a random zone.(b) an item’s home is the location it is in while it is there.(c) an SKU’s storage location must be planned around the maximum quantity of that item expected to be on-site during a defined time
2. Memory location systems: 2. (b)(a) are simple and efficient.(b) are human dependent.(c) require updating of location information.(d) are useful when a large number of different SKUs must be quickly located.
1. Honeycombing is best described as: 1. (c)(a) product unevenly stacked.(b) matrix racking or shelving layout.(c) empty space in usable storage areas.(d) the number of items per level and the number of tiers of product on a pallet.
5. Current Assets ÷ Current Liabilities is the formula for which ratio? 5. (b)(a) Inventory Turn Ratio(b) Current Ratio(c) Quick Ratio
4. True or False 4. (a)The K Factor is generally expressed as a percent.(a) True(b) False
3. True or False 3. (a)The K Factor represents the number of pennies per inventory dollar per year a company is spending to house its inventory.(a) True(b) False
2. An income statement is best described as: 2. (a)(a) A report that identifies a company’s revenues (sales), expenses, and resulting profits for a given period of time.(b) A report that shows the financial position of a company on a specific date.(c) A report that shows the relationship between
1. A balance sheet is best described as: 1. (b)(a) A report that identifies a company’s revenues (sales), expenses, and resulting profits for a given period of time.(b) A report that shows the financial position of a company on a specific date.(c) A report that shows the relationship between
5. Which Article of the Uniform Commercial Code governs the sale of goods? 5. (c)(a) 9(b) 1(c) 2(d) 117
4. True or False Anticipation stock is inventory en route from one place to another. 4. (b)(a) True(b) False
3. True or False Service and repair stock must never be retained beyond 5 years from date of purchase. 3. (b)(a) True(b) False
2. True or False EDI is where routine business transactions are sent over standard communication lines. 2. (a)(a) True(b) False
1. Inventory costs generally fall into: 1. (d)(a) sales expenditures.(b) work in process.(c) line during the annual physical inventory.(d) ordering costs and holding costs.
Médecins Sans Frontières (MSF), known as Doctors Without Borders in the United States and some other countries, was founded in France in 1971 by doctors and journalists. Its purpose is to provide assistance to victims of natural or man-made disasters, epidemics, neglect, malnutrition, or armed
On January 12, 2010, a 7.0 earthquake struck Haiti, leveling thousands of homes, cutting off electricity and telephone service, killing thousands, and leaving thousands more homeless and destitute in what had already been the poorest country in the Western Hemisphere (Romero & Lacey, 2010).The
If you had the financial capacity to be a significant philanthropist, would you focus your giving on reducing world poverty or on addressing social problems in your own country? Explain your answer.
Should governments be the principal sources of assistance for economic development and poverty reduction, or should philanthropy play the leading role? What are the advantages and disadvantages of each type of action? What should be the relationship between private and government efforts?Explain.
Hull House was founded in Chicago in 1889 by Jane Addams and Ellen Gates Starr, with the purpose of serving Chicago's immigrants and helping the city's poorest citizens improve their lives. Hull House was the flagship of what became known as the “settlement house movement,” including nearly 500
The Corcoran Gallery of Art was established by Washington, DC, businessman William Wilson Corcoran, an early collector of contemporary American art. The gallery was opened in 1874 in a building that Corcoran had constructed and was moved to another new building, near the White House, in 1897, built
Do you think that people give primarily for altruistic reasons or in order to receive benefits for themselves, including warm feelings, recognition, and social approval?Might the motivations differ among various types of gifts and various organizations?Explain your answer and provide examples.
If a friend asks you to sponsor his or her participation in a charity event, such as a run or walk, do you usually give a positive response or not? Why? Would your response be different if that friend asked you to do something similar again the next month?Why?
In 1969, William Kling, then age 26, was managing a radio station at St. John's Abbey and University in Minnesota. He hired a young man named Garrison Keillor to host a classical music program in the morning. Kling then moved to Minneapolis–St. Paul to start a radio network, Minnesota Public
Founded in 1997 in Washington, DC, by social entrepreneurs Rajiv Vinnakota and Eric Adler, the SEED Foundation operates urban, college-preparatory, public boarding schools in Washington, DC, Maryland, and Miami, with plans for further expansion. SEED schools serve young people from low-income
Geoffrey Canada, who served as president and CEO of Harlem Children's Zone (HCZ) from 1990 to 2014, is one of the country's best-known social entrepreneurs. The New York Times Magazine called HCZ“one of the most ambitious social experiments of our time,” and U.S. News & World Report named
Go back and read the case of Aspire CoffeeWorks in Chapter
Is James Kales a social entrepreneur? Why or why not?
Select an organization that you know well—maybe you work there, have been a volunteer, or just follow it on Twitter. What do you think is the organization's strategy, as that term is discussed in this chapter? What are the principal risks that it needs to address in its risk management plan?
Like many American cities during the 1960s and 1970s, Washington, DC, experienced declining population, economic challenges, and growing social problems, as many middle-class families and businesses moved to the suburbs. In addition, in 1963, Congress passed the Community Mental Health Center Act,
Think about your most rewarding (or unrewarding) experience as a volunteer or nonprofit staff member. Which of Herzberg's satisfiers and dissatisfiers were present in the environment?
Think about the best (or worst) supervisor you have had, either as a volunteer or a nonprofit staff member. What do you think were his or her predominant needs, as described by McClelland?
Are the values and motivations of millennials really different from those of previous generations or do people become more alike as they proceed through various life stages?
In the late 19th century, more than half of all Americans lived on farms. New farming techniques, based on science, were being developed through university research, but older generations of farmers were slow to adopt them (Joslyn, 2017). Some thought that the only way to achieve implementation of
As MADD executive director Chuck Hurley describes it, “Before the 1980s, drunk driving was how people got home. It was normal behavior.” In May of that year, Candy Lightner's 13-year-old daughter was killed by a hit-and-run driver while walking to a church carnival. As her mother was soon to
In the early 1990s, most programs that were working to alleviate homelessness in American cities followed a similar model. Homeless men and women could visit shelters, but could not obtain permanent housing until they proved themselves “housing ready.” That required abstaining from drugs and
Mark Zuckerberg was the first member of his generation, a millennial, to become the CEO of a Fortune 500 company, Facebook. In 2015, Zuckerberg and his wife, Priscilla Chan, announced that they would dedicate 99 percent of their shares of Facebook stock to changing the world. But they would not
In 1978, Ben Cohen and Jerry Greenfield made a $12,000 investment and opened an ice cream company, originally called Ben & Jerry's Homemade. Their goal was to make a profit and also pursue a social mission.As Greenfield expressed it, “We measured our success not just by how much money we made,
If you were the president of an independent (nonprofit) college or university, what things would you consider in making a decision on a possible tuition increase, which might enhance your bottom line but possibly work against your mission of providing educational opportunity?
Suppose a nonprofit organization operates a business that is related to its mission, such that revenue is not subject to the UBIT, but it competes directly with a for-profit business nearby that must pay taxes. For example, think about a nonprofit bookstore that is near another bookstore run by
The Smithsonian Institution, an educational and research institution in Washington, DC, is best known for its 19 museums and 7 research centers. It is an unusual hybrid of federal government agency and nonprofit institution. It was chartered by Congress as a charitable trust in 1846, in response to
The National Trust for Historic Preservation is a private, nonprofit membership organization dedicated to saving historic places and revitalizing America's communities. Having been chartered by Congress in 1949, the trust became known for its ownership and operation of historic properties and its
Founded in 1901, Sweet Briar College, in Virginia, had provided higher education to generations of women by 2015. With a campus of 3,250 acres in the foothills of the Blue Ridge Mountains, complete with a stable, boathouse, and 18 miles of trails, the college long had enjoyed strong loyalty among
Milton Hershey was the founder of the Hershey Chocolate Company, which is now known as Hershey Foods, the maker of Hershey's Milk Chocolate, Hershey's Kisses, and other products with which all Americans are familiar.Hershey and his wife, Catherine, did not have children of their own. In 1909, they
Habitat for Humanity International is an ecumenical, faith-based nonprofit dedicated to eliminating substandard housing and homelessness. Habitat constructs, renovates, and repairs houses with the assistance of volunteers and partner families, who then purchase the homes with affordable loans. It
In 1887, Denver became the first city to establish a united organization to raise funds in order to meet community needs. Other cities adopted the idea, creating organizations that were commonly called the Community Chest, later becoming known as United Way (United Way of America, n.d.-a). By 2003,
Are leaders born or made? Can anyone learn to be a leader or does it require some innate qualities or characteristics of the individual?
Is leadership necessarily moral? Was Hitler a leader even though he was evil? Why or why not?
Who are some contemporary leaders that you would identify as charismatic? Think about individuals in the nonprofit sector, business, and government. How do they exhibit the behaviors of charismatic leaders identified in this chapter?
When wounded veterans began arriving home from Iraq in 2003, John Melia remembered his own experience as a Marine who had been shot down off the coast of Somalia in 1992. He began visiting returning Iraq War veterans in military hospitals, giving them backpacks with basic personal items they would
Youth Villages was founded in Memphis, Tennessee, in 1986 through the merger of two campuses that provided residential treatment to young people with emotional or behavioral issues. In subsequent years, the organization expanded, eventually opening offices in 20 states and the District of Columbia.
Define the terms “global” and “international” to explain their differences.
Thinking back on the discussion in Chapter 13 about the importance of developing a case for philanthropic support, how do you think an organization's case might need to be tailored to cultural differences? In other words, do you think people around the world are motivated by similar values and
Nonprofit partnerships with business, discussed in Chapter 14, provide a nonprofit with earned income. Are such partnerships examples of social entrepreneurship? Why or why not?
Go back and read the case regarding the Minnesota Public Radio in Chapter 14. Was William Kling a social entrepreneur? Why or why not?
In 2014, Malala Yousafzai, a Pakistani activist who achieved fame as an advocate for the rights of girls, was awarded the Nobel Peace Prize. Is Malala a social entrepreneur? Why or why not?
Which of the two schools of thought, or definitions of social entrepreneurship, do you find most satisfactory? Explain.
Are social entrepreneurs born or made? In other words, can individuals be educated or trained in a way that will result in entrepreneurial behavior?
What are the differences in direct and indirect costs to a nonprofit organization? Would you want a government grant or contract that provided funds for direct or indirect costs?
If given the option, would you prefer that your nonprofit organization receive a government grant or a contract? Why?
If you were a government official, would you prefer to contract with a small community-based nonprofit organization or with a for-profit company that might have greater resources?
According to your author, what issues should nonprofit boards of directors consider when deciding to participate in a partnership with a for-profit organizations.
In your opinion, should nonprofit organizations spend their time and other resources helping for-profit organization increase their profits?
Some well-attended exhibits at art museums have included collections of automobiles, motorcycles, and photographs of rock stars. Are these appropriate subjects for exhibition in a nonprofit art museum? Why or why not? Do they put the museum’s mission at risk—in the short term or long term? Why
Some well-known nonprofit–corporate partnerships are listed below. In each case, what do you think is the logic behind the relationship; in other words, why does this relationship make sense? What may be the principal benefits that each party receives as a result of the partnership? Do you see
What are the advantages and disadvantages of holding special events as a means for soliciting gifts?
Identify and define four different types of individual motivations for giving.
If a friend asks you to sponsor his or her participation in a charity event, such as a run or walk, do you usually give a positive response or not? Why? Would your response be different if that friend asked you to do something similar the next month? Why?

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Nonprofit Management Principles and Practice 4th edition Michael J. Worth - Solutions

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