When a Not-For-Profit Corporations Dissolves, Its Assets Are ________

question 88

Multiple Choice

When a not-for-profit corporations dissolves, its assets are ________.

• A)transferred to the government
• B)distributed among major donors
• C)passed to the owners' families
• D)given to a similar not-for-profit group

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Definitions:

Telemarketing Sales Rules

Regulations designed to protect consumers from deceptive or abusive telemarketing practices.

Total Cost

The complete cost of production, including fixed and variable costs.

Nonrefundable

Refers to payments or fees that cannot be returned or refunded to the payer under any circumstances.

Electrical Shocks

An injury caused by an electric current passing through the body, which can result in anything from a slight tingling sensation to severe burns and even death.