The following are characteristics shared by both for-profit and not-for-profit corporations EXCEPT ________
A) electing a board of directors to run the organization
B) offering employee fringe benefits
C) having limited liability protection
D) issuing shares of stock
E) holding board meetings
D
Explanation: D) The major distinctions between for-profit and not-for profit corporations is that a not-for-profit may not form for the purpose of personal gain, which means it does not issue stock. Not-for-profit corporations share many of the other benefits of a for-profit organization including election of directors, limited liability, and fringe benefits for employees.
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The OE/S process helps support the decision needs of the ______________________________ and ______________________________ functions
Fill in the blank(s) with correct word
When marketers present flexible market offerings to all members of a business segment, their offerings consist of two parts. Which part contains the product and service elements that all segment members value?
A) naked solution B) discretionary solution C) maximum solution D) pseudo solution E) virtual solution
What is often referred to as "abusing the cutoff?"
a. Inflating revenues by using implied side agreements. b. Inflating revenues by selling unused assets for a promise to buy them or similar assets back at roughly the same price. c. Inflating current revenues by allowing customers to return products and cancel sales in future periods. d. Inflating revenues by including revenues in the current period that should be recognized in the next period.
A combined set of operational budgets and a set of financial budgets for the entire organization is known as a
A) master budget. B) flexible budget. C) month-to-month budget. D) constant budget.