#21 Non-profits should avoid financial considerations in program evaluation to measure the effectiveness of programs and make decisions about resource allocation and improvements. Non-profits should avoid financial considerations in program evaluation to measure the effectiveness of programs and make decisions about resource allocation and improvements.

True False

#22 Non-profits can use finance knowledge to make data-driven decisions about their programs by conducting rigorous program evaluations and assessing the outcomes to improve program effectiveness.

True

False

#23 Understanding finance empowers non-profits to allocate resources effectively by providing the knowledge to prioritize programs that maximize impact and minimize overhead costs.

True

False

#24 Governments must maintain stable finances and build reserves to prepare for unexpected events and ensure the well-being of residents, especially during crises and emergencies.

True

False

#25 Governments prioritize infrastructure investment in order to maintain a competitive and growing region, stimulating economic growth, and enhancing quality of life.

True

False

#26 In the context of infrastructure investment, how can understanding finance benefit governments?

A) By increasing taxes

B) By accessing various funding sources, conducting cost-benefit analyses, and managing budgets effectively

C) By neglecting infrastructure projects

D) By exclusively focusing on one type of infrastructure project

#27 What can happen if an auditor lacks finance expertise when examining complex financial instruments in a corporation's financial statements?

A) Access to unlimited auditing resources

B) Struggles in understanding complex financial instruments, assessing their impact on financial statements, and identifying potential accounting issues

C) Rapid auditing without any challenges

D) Efficient examination of complex financial instruments and compliance with accounting standards

#28 In the context of accounting careers, finance knowledge is not needed to navigate complex financial transactions, interpret financial statements, and provide valuable insights to businesses and clients.

True

False

#29 One potential consequence of lacking finance knowledge for a CEO when evaluating the financial impact of expanding into new markets is struggles in evaluating the financial feasibility, estimating potential risks, and developing risk mitigation strategies for global expansion.

True

False

#30 What can happen if a CEO lacks finance expertise when evaluating the financial impact of expanding into new markets?

A) Efficient assessment of financial impact and strategic planning for global expansion

B) Struggles in evaluating the financial feasibility, estimating potential risks, and developing risk mitigation strategies for global expansion

C) Access to unlimited financial resources for global expansion

D) Rapid global expansion without any challenges