Which of the Following Is an Example of Volunteer Services

question 28

Multiple Choice

Which of the following is an example of volunteer services received by a not-for-profit entity that should be recognized as revenue?
I.Services requiring specialized skills,provided by individuals with those skills,that otherwise would have to be purchased.
II.Services of lay faculty at a private university operated by a religious order.
III.Services that create or enhance non-financial assets,regardless of whether or not they require specialized skills.

• A)I only
• B)I and III only
• C)II and III only
• D)I,II,and III

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Definitions:

Accommodation

The cognitive process of revising existing cognitive schemas, perceptions, and understanding to integrate new information.

Conservation

Conservation is the act of preserving, protecting, or restoring natural environments, historical artifacts, and other significant items from damage or destruction.

Social Development

The process by which individuals learn and adopt the values, norms, and behaviors that are considered appropriate in their society, facilitating integration and interaction within their community.

Cuddling

The act of holding someone close in one's arms as a way of showing affection or warmth.