Answer the following statements true (T) or false (F)

1. The three principal mechanisms by which nonprofits are held accountable are the rule of law, self-regulation, and transparency.
2. Requirements of the law covering the accountability of nonprofit organizations are included in the Sarbanes–Oxley Act of 2002.
3. There are specific “best practice” standards that nonprofit organizations are required to comply with.
4. The Better Business Bureau has standards prescribing how a nonprofit should conduct business.
5. A “seal of approval” by a charity watchdog tells potential donors that your nonprofit is beyond reproach.


1. True
2, True
3. False
4. True
5, False

Business

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