Blue, Inc, Receives Its Support from the Following Sources Which of the Following Statements Is Correct?
A)Blue, Inc

question 52

Multiple Choice

Blue, Inc., receives its support from the following sources. $\begin{array}{lr}\text { Governmental unit } A \text {, for services rendered } & \$ 18,000 \\\text { General public, for services rendered } & 25,000 \\\text { Gross investment income } & 8,000\\\text { Contributions from individual substantial contributors (disqualified }\\\text { persons) }&19,000\end{array}$ Which of the following statements is correct?

• A)Blue, Inc., is a private foundation because it satisfies the external support test and fails the internal support test.
• B)Blue, Inc., is not a private foundation because it fails both the internal and external support tests.
• C)Blue, Inc., is a private foundation because it satisfies both the external support test and the internal support test.
• D)Blue, Inc., is not a private foundation because it satisfies both the external support test and the internal support test.
• E)None of the statements is true.

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Definitions:

Manufacturing Plant

A facility used for the industrial production of goods, including assembly lines and machinery for manufacturing products.

Stackelberg Leader

A firm in a duopoly that moves first to set its output level, thereby determining the market's price and influencing the subsequent behavior of a follower firm.

Cournot Oligopolist

A firm competing in a market where a few firms control the majority of the market share and where each firm takes into account its rivals' production quantities when determining its own quantity.

Cournot Equilibrium

A concept in economic theory where firms reach a state in which each firm chooses the optimal output level assuming the output levels of the other firms.