Examlex
Which of the following is the best description of prospect theory?
Substantial Part Test
A legal guideline used to determine if a nonprofit organization's lobbying activities are a significant enough part of its operations to affect its tax-exempt status.
Nonprofit Organization
An entity that operates for a charitable, educational, or societal benefit rather than for profit.
Option II
This term could require more context to define accurately as it could refer to a secondary choice or alternative in various settings.
Charitable Nonprofits
Organizations that operate to serve the public interest and benefit the community, qualifying for tax-exempt status under specific legal criteria.
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