Board members of a not-for-profit organization have a fiduciary responsibility to provide fiscal guidance and ongoing governance over the not-for-profit organization to ensure that its exempt mission is carried out as described in the incorporating documents and exempt application.
Answer the following statement true (T) or false (F)
True
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A resolution by the board of directors to set aside a part of the credit balance of the retained earnings account for a specific use is called
a. earnings retained in the business. b. an appropriation. c. a recapitalization. d. a deficit.
Email may be a useful method of communication because of all the following
a. teachers can provide daily classroom journals to keep parents informed b. all families now have computer access c. parents can easily reply, making communication two way d. parents can have easy access to teachers avoiding a telephone tag
All of the following are considered to be programming languages, except ____.
A. Java B. VBScript C. SQL D. Oracle
As firms exit from a monopolistically competitive industry in the long run, the remaining firms’ profits will begin to rise.
Indicate whether the statement is true or false.