Choose the Word or Phrase in [ ] Which Will

question 54

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-You could give an unlimited amount of assets to your [children | spouse] without incurring any gift taxes.

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Definitions:

Nonprofit Organizations

Entities that operate primarily to serve public or social benefits, reinvesting excess revenues into their mission rather than distributing profits to shareholders or owners.

Managers

Individuals responsible for directing, controlling, and overseeing the operations and employees within an organization.

Double Bottom Line

An approach to business and social enterprise that emphasizes not just financial performance but also positive social impact.

Triple Bottom Line

A sustainability framework that evaluates a company's performance based on three factors: environmental, social, and financial.