Match the Term with Its Definition

question 67

Multiple Choice

Match the term with its definition.
-A powerful sense of obligation to repay in kind what another has done for or provided to us

• A)corporation
• B)limited partnership
• C)management team
• D)organizational test
• E)piercing the corporate veil
• F)preemptive right
• G)reciprocation
• H)social capital
• I)strategic alliance

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Definitions:

Profit Centers

Divisions or units within an organization that are directly responsible for generating its profit.

Statements Of Activities

Financial reports that summarize an organization's revenues, expenses, and changes in net assets for a specific period.

Statements Of Cash Flows

Financial statements that detail the inflow and outflow of cash within an organization over a specific period of time.

Statements Of Functional Expenses

Financial reports that categorize an organization's expenses according to their purpose, such as program services, administration, or fundraising.