Which of the Following Is Not a Required Characteristic of a Private

question 45

Multiple Choice

Which of the following is not a required characteristic of a private not-for-profit organization per the definition given by the AICPA?

• A)​no owners or shareholders
• B)​an operating purpose other than making a profit
• C)​an organization dedicated to service of the public good
• D)​Significant contributions from providers who do not expect reciprocal goods or services in return

Identify the habits and qualities of strong ethical leaders and the importance of passion, stakeholder consideration, and role modeling.

Understand the influence of leadership on coworker support, employee commitment, and motivation.

Recognize the importance and impact of ethical conflicts and how they are managed within organizations.

Familiarize with the concept of leader-exchange theory and its significance in leader and follower relationships.

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Definitions:

Clear Preferences

The state of having distinct and definite likes or choices, which can be consistently ranked or ordered by an individual or a group.

Basic Economic Theory

Fundamental principles of economics that explore how resources are allocated, goods and services are distributed, and wealth is created and transferred.

Reference Point

The point from which an individual makes a consumption decision.

Past Consumption

refers to the total amount of goods and services consumed in previous time periods, influencing current and future economic decisions.