If a Nonprofit Corporation Is Ever Dissolved, Its Assets Must

question 30

Multiple Choice

If a nonprofit corporation is ever dissolved, its assets must be

• A) divided among the owners.
• B) auctioned to the general public.
• C) distributed  to another tax-exempt organization.
• D) divided among the shareholders.
• E) consigned to the government.

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Definitions:

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The duration between the onset of a stimulus and the initiation of the respondent's reaction, often used to measure speed and efficiency of cognitive processing.

Army Alpha

A historical standardized test developed during World War I to assess the intellectual capabilities of enlisted and drafted men.

Mental Test

A psychological test that measures mental functions, abilities, and capacities.

SAT

A uniform exam extensively employed for university entry across the United States, evaluating abilities in reading, writing, and mathematics.