The Smithsonian Institution Exists to Preserve Historical and Cultural Items

question 145

Multiple Choice

The Smithsonian Institution exists to preserve historical and cultural items of value and to share those items with the public; it does not exist to maximise the wealth of any shareholders.This entity is organised as a(n)

• A) cooperative.
• B) quasi-government corporation.
• C) S-corporation.
• D) not-for-profit corporation.
• E) closed corporation.

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Definitions:

National Government

The organization through which political authority is exercised at the national level, governing the entire country.

Regulation of Slavery

Historical laws and policies governing the treatment, trade, and conditions of enslaved people.

Concurrent Power

Powers that are shared by both the state and the federal government, allowing both to legislate and govern simultaneously in the same areas.

Commercial Activity

Economic activities centered around the buying, selling, and exchange of goods and services in the market.