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Which statement regarding the Program ratio is correct? ...

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Accounting

Which statement regarding the Program ratio is correct?

expenses devoted to mission-oriented programs to the total of fund-raising and administrative costs.

expenses devoted to mission-oriented programs to all expense.

expenses devoted to mission-oriented programs to the total of fund-raising and administrative costs, which should be at least 65%.

expenses devoted to mission-oriented programs to all expense, which should be at least 65%

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