At a canning factory, new employees were instructed to wear a certain type of clothes when working around the canning machine. The description of the clothes was very detailed and specific. Which of the following kinds of standing plans is described in this example?
A. Rules and regulations
B. Purpose statements
C. Policies
D. Mission
E. Budgets
Answer: A. Rules and regulations
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Which of the following is the proper treatment for a contingency that is probable but the exact amount of which is not known? The amount can be estimated.
A) The liability should be doubled following conservatism. B) The liability should be estimated and recorded. C) The liability should be ignored. D) The liability should be reported in the notes to the financial statements.
For reporting purposes, the personal assets and debts of a business owner should be combined with the assets and debts of the business
Indicate whether the statement is true or false
An electronic repository is a file room
Indicate whether the statement is true or false
What are “acquisition, renewal, and upgrade?”
a. Legal responsibilities of governing boards b. Characteristics of successful fundraising professionals c. Criteria for identifying qualified donor prospects d. Standards for selecting a fundraising information system e. Objectives in an annual-giving program