A Major Corporation Makes a Donation of $10,000,000 to the Local

question 8

Multiple Choice

A major corporation makes a donation of $10,000,000 to the local art museum foundation for the construction of a new art museum provided the community can match the $10,000,000 with other donations.This is an example of a(n) :

• A)​Unconditional Pledge
• B)​Unrestricted Contribution
• C)​Conditional Pledge
• D)​Endowment

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Definitions:

Price Rationing

The process by which the market system allocates goods and services to consumers when quantity demanded exceeds quantity supplied.

Bypass

To go around or avoid an obstacle or regulation, often by using alternative methods or routes.

Costly

Incurring a high expense or requiring considerable resources, often more than expected or desired.

Favored Customers

Those who receive special treatment from dealers during situations of excess demand.