Respuesta :
Answer:
d. All of the above are true.
Explanation:
The objectives of colleges and universities differ from those of commercial enterprises for which profit is the primary motive in that colleges and universities seek to provide educational services within the existing levels of revenues available, although a slight level of excess revenue may be desired by some governing boards. A balanced budget where expenditures remain within available revenues is always expected of a financially responsible college or university. A major reduction in the net assets of an institution should be cause for concern and may be a sign of financial instability.
