Nonprofit organizations need to use the value stakeholders associate with the organization to raise the funds and support required to accomplish its mission. It is easier for a nonprofit organization to do this if
A. it has low brand equity.
B. it is relatively unknown.
C. it has high brand equity.
D. its brand is similar to that of its competitors.
E. it is relevant to only a small, focused group of consumers.
Answer: C
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Sweet Company's outstanding stock consists of 1,000 shares of cumulative 5% preferred stock with a $100 par value and 10,000 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paidyear 1$2,000year 2$6,000year 3$32,000The amount of dividends paid to preferred and common shareholders in year 3 is:
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