An Obscure Definition Is One That

question 28

Multiple Choice

An obscure definition is one that:

• A)uses poetic imagery and flowery language without saying anything literal about the concept being defined
• B)uses abstract or technical language that is more difficult to understand than the concept itself
• C)contains too much information to be useful
• D)includes several useful examples of the concept being defined
• E)doesn't include any examples of the concept being defined

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Definitions:

Endowment Principal

The core capital in an endowment, which is invested to generate income while preserving the original amount.

Payout

The process of distributing funds by foundations and trusts to meet legal requirements or fulfill their mission.

Accrual Basis

An accounting method where revenue and expenses are recorded when earned or incurred, regardless of when cash transactions occur.

Expenditures

The action of spending funds or an amount of money spent on a particular purpose, product, or service.