Describe the functions of members of the Board of Directors of a nonprofit organization
What will be an ideal response?
• Fiduciary and ethical oversight of the organization' purpose, activities and outcomes
• Direct decision making, even to the extent of functioning as joint-CEO for start-ups
• Provision of legal, political, medical, marketing or other kinds of expertise
• Fundraising, whether as major donors or as marketers for the organization
• Helping the organization link to the environment to understand and even influence it
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If 10,000 units which were 40% completed are in process at November 1, 80,000 units were completed during November, and 12,000 were 20% completed at November 30, the number of equivalent units of production for November was 75,600. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)
Indicate whether the statement is true or false
Jaques M. Danver, a neuroscientist, invents a chip that can be surgically inserted into the human brain. This chip can increase the memory power in humans by 30 percent. In this scenario, Jaques M. Danver's invention is an example of a _____.
A. continuous innovation B. disruptive innovation C. dynamically continuous innovation D. discontinuous innovation
Henning, without obtaining Asher's permission, shot and killed a deer on Asher's ranch. Is Henning guilty of any tort? Explain
A printing company prints a brochure for a client and then bills them for this service. At the time the printing company's financial disclosure statements are prepared, the client has not yet paid the bill for this service
How will this transaction be recorded? A) The sale will be added to Net Income on the income statement and retained in Net Income on the statement of cash flows. B) The sale will be added to Net Income on the income statement but deducted from Net Income on the statement of cash flows. C) The sale will not be added to Net Income on the income statement but added to Net Income on the statement of cash flows. D) The sale will neither be added to Net Income on the income statement nor used to adjust Net Income on the statement of cash flows.