An Individual or Organization That Owes an Amount to a Business

question 166

Multiple Choice

An individual or organization that owes an amount to a business is known to the business as a

• A) debtor
• B) shareholder
• C) controller
• D) creditor
• E) bookkeeper

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Definitions:

Nonprofit Organization

An organization that operates for a public or social benefit, rather than to generate profit for owners or shareholders.

Sources of Gifts

Various origins from which donations or gifts can come, including individuals, corporations, foundations, and government entities.

Fund-raising

The act of collecting financial contributions from individuals, organizations, or governments to support nonprofit organizations, campaigns, or projects.

Development

The process of growth, progress, or evolution in a particular aspect such as economic, social, or personal development.