Larry was asked by one of his clients what a nonprofit corporation was. Larry was unsure, so he
asks you for help. Which of the following best describes the essence of nonprofit corporations?
A) They are usually created for charitable, educational, scientific, or religious purposes
B) They may not make a profit
C) They may make a profit, but the profit cannot benefit any officer, director, or member
D) A and B only
E) A and C only
E
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If the dollar cost of the U.K. pound is $1.50, and the dollar cost of the Swiss franc is $1, then the cross-exchange rate between the pound and the franc is 0.67 francs per pound.
a. True b. False
Quinn has a high need for affiliation, as that need is described by acquired needs theory. Which of the following actions by her boss is most likely to motivate Quinn?
a. promote her to manager over her co-workers b. challenge her to bring in five new clients by the end of the week c. request that she help mentor the new employees that were just hired d. give her a project that will require her to work off-site for 1 month
Why do brands with a large market share spend proportionally less on advertising compared to brands with a small market share?
a. Diminishing returns set in beyond a certain level of spending for advertising. b. Certain industries have a practice of spending more for sales than for advertising. c. A minimum level of exposure is required for advertising to have an effect on sales. d. Advertising will not stimulate economic growth for the industry.
Shoe Sunshine, Inc filed for bankruptcy protection under Chapter 11 and submitted a plan of reorganization within 120 days after filing for relief. Two of the classes of creditors voted against the plan. However, the bankruptcy judge considered the plan to be reasonable, achievable, and fair, and approved it in spite of these creditors' objections. This action by the judge is called a "cramdown."
a. True b. False Indicate whether the statement is true or false