Answer the following statement(s) true (T) or false (F)
1. All foundations are required to spend down their assets within 20 years after the donor’s death?
2. Most foundations prefer a simple call or letter before receiving a formal proposal.
3. It is illegal to try and use a personal relationship with a foundation official in order to gain consideration for a grant.
4. Most foundation grants are unrestricted so a nonprofit can use them to meet any expense.
5. Most foundations restrict their giving to specific geographic areas.
1. False
2. True
3. False
4. False
5. True
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Assume the percentage-of-completion method of revenue recognition is used on a long-term construction contract. Under this method, revenues that are earned but unbilled at the balance sheet date should be disclosed
a. as a long-term receivable in the noncurrent assets section of the balance sheet. b. only as a footnote disclosure until the customer is billed for the percentage of work completed. c. as construction in progress in the current assets section of the balance sheet. d. as construction in progress in the noncurrent assets section of the balance sheet.
Which of the following is an advantage of third-country nationals?
A. Minimizes language and culture problems B. Allows managers to gain international experience C. Compensation is generally easier and is based on local pay scale D. May be less expensive than either parent- or host-country managers E. All of the choice are correct
Right-to-work laws make it illegal for employers to refuse to hire applicants who are willing and able to work.?
Indicate whether the statement is true or false
The two basic types of hedges involving the futures market are long hedges and short hedges, where the words "long" and "short" refer to the maturity of the hedging instrument. For example, a long hedge might use Treasury bonds, while a short hedge might use 3-month T-bills.
Answer the following statement true (T) or false (F)