Donations to __________ Do Not Have to Be Disclosed Unless

question 22

Multiple Choice

Donations to __________ do not have to be disclosed unless a donor gives money specifically for a political ad.

• A)527 groups
• B)501(c) groups
• C)political action committees (PACs)
• D)candidates' campaigns

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Definitions:

Net Income

The total profit of a company after all revenues and gains are accounted for and all expenses and losses are deducted.

Direct Expense

Costs that can be directly traced to a specific product, service, or department, and is a key factor in the cost of goods sold.

Indirect Expense

Costs that are not directly attributable to a specific cost object, such as a product or service.

Insurance

A contractual arrangement that provides financial protection or reimbursement against losses from an insurance company.