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:

Mean Time Between Failures

The average time interval between the occurrences of consecutive failures in a system or component.

Inverse

In mathematics, it refers to a function that essentially reverses the effect of another function, often denoted as the reciprocal or opposite in certain contexts.