Which of the Following Statements Is Correct

question 30

Multiple Choice

Which of the following statements is correct?

• A) Endowments are donations that are received with the provision that it will be invested and only the investment income may be spent by the organization.
• B) Endowments are unrestricted donations which can be used for any purposes that are consistent with the goals and objectives of the not-for-profit organization.
• C) Endowments are provided as donations which only allow a not-for-profit organization to invest in other not-for-profit organizations only.
• D) Endowments may be restricted and unrestricted funds which must be used in accordance with the wishes of the contributor and only available during the life of the donor.

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Definitions:

Progressive Era

A period of widespread social activism and political reform across the United States, from the 1890s to the 1920s, aiming to address issues caused by industrialization, urbanization, and corruption.

Female Emancipation

The process of granting women freedom or rights, particularly those that were previously restricted or limited, such as the right to vote or work.

Muckraker

Journalists and writers in the early 20th century United States who sought to expose social injustices, corruption, and abuses of power in business and government.

Ida Tarbell

An influential American journalist and one of the leading muckrakers of the late 19th and early 20th centuries, known for her pioneering investigative journalism work, especially her expose on the Standard Oil Company.