Not-For-Profit Corporations Do Not Issue Stock Certificates and Are Exempt

question 67

True/False

Not-for-profit corporations do not issue stock certificates and are exempt from paying income taxes.

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Definitions:

Global CEO

A chief executive officer responsible for leading an organization with operations and activities across multiple countries.

Change Competency

The ability of an organization or individual to effectively adapt to and manage changes.

KSAs

Acronym for Knowledge, Skills, and Abilities; important components that influence an individual's performance and efficiency in particular tasks.

Constant Improvement

denotes an ongoing effort to enhance all aspects of an organization or individual's performance, focusing on incremental upgrades over time.