ACCA FM Syllabus A. Financial Management Function - Not for Profit objectives - Past Papers ^{1 / 2}

Value for money is an important objective for not-for-profit organisations.

Which action is LEAST consistent with increasing value for money?

A. Using a cheaper source of goods without decreasing the quality of not-for-profit organisation services
B. Searching for ways to diversify the finances of the not-for-profit organisation
C. Decreasing waste in the provision of a service by the not-for-profit organisation
D. Focusing on meeting the objectives of the not-for-profit organisation

Compare and contrast the financial objectives of a stock exchange listed company and the financial objectives of a not-for-profit organisation such as a large charity.