Answer the following statements true (T) or false (F)
1. A 501(c)(3) organization can engage in lobbying without restriction.
2. A 501(c)(4) organization is prohibited from political campaign activity.
3. Charitable nonprofits are prohibited from endorsing candidates.
4. Best practices for advocacy include understanding relevant public policy issues.
1. False
2. False
3. True
4. True
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Adjusting entries:
A. Affect only balance sheet accounts. B. Affect both income statement and balance sheet accounts. C. Affect only equity accounts. D. Affect cash accounts. E. Affect only income statement accounts.
The international monetary systems consists of
A. treaties among nations in trade blocks. B. institutions, rules, procedures, and processes. C. bilateral legal arrangements among nations and then, belief in the system. D. relationships among sellers in the international market.
Which of the following is a noncash investing and financing activity?
A) payment of a cash dividend B) payment of a six-month note payable C) purchase of merchandise inventory on account D) issuance of common stock to acquire land
A ______ loss occurs when problems in communication patterns, decision processes, and conflict reactions cause a group to fail to meet its potential
A. group B. focus C. conflict D. process