Which of the Following Is an Example of a Not-For-Profit

question 43

Multiple Choice

Which of the following is an example of a not-for-profit organization?

• A)Consulting firm
• B)State university
• C)Public hospital
• D)both b and c are correct

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Definitions:

Mortgagor

A borrower in a mortgage agreement who uses property as security for a loan.

Mortgagee

The mortgagee is the lender in a mortgage agreement, typically a financial institution, who lends money to the borrower (mortgagor) for purchasing real estate.

NINJA Loan

A loan that has been negotiated by a borrower with “no income, no job, and no assets.”

Qualifications

The skills, knowledge, and experiences that make an individual suitable for a specific job or activity.