Answer the following statements true (T) or false (F)
1. Beginning in the 1980s, federal spending for many social programs was sharply reduced by President Gerald R. Ford.
2. Some people believe that commercialization of the nonprofit sector may result in profit being placed ahead of the mission.
3. Most museums are classified as 501(c)(3) by the Internal Revenue Service.
4. Religious organizations are not considered charitable nonprofits by the Internal Revenue Service.
1. False
2. True
3. True
4. False
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What role could marketing play in this transaction to make Eloise’s job easier?
What will be an ideal response?
The external funds requirement results primarily from ________. (See Table 4.5)
A) the payment of dividends B) the retirement of debt and purchase of new fixed assets C) low profit margin D) high cost of sales
A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years is the:
A. Accrual basis of accounting. B. Time period assumption. C. Expense recognition (matching) principle. D. Going-concern assumption. E. Operating cycle of a business.
Narrow tolerances in product design tend to raise manufacturing costs and also increase the interchangeability of parts within the plant and in the field, product performance, durability, and appearance
a. True b. False Indicate whether the statement is true or false