The double bottom line concept means nonprofit managers must ______.
A) meet organizational goals and objectives
B) achieve the mission within financial means
C) be accountable to their donors and the Internal Revenue Service
D) increase the value of the business and the wealth of its owners

Question

Quizplus · Accepted Answer

The double bottom line concept refers to achieving both financial sustainability and social impact. Nonprofit managers must therefore ensure they are achieving their mission while also managing their finances effectively. This means making sure they are able to generate the revenue they need to fulfill their mission while also avoiding financial deficits. While being accountable to donors and the IRS is important for nonprofits, it is not the primary focus of the double bottom line concept. The increase in value of a business and the wealth of its owners is more relevant to for-profit companies, not nonprofits.

The Double Bottom Line Concept Means Nonprofit Managers Must ______