What Is a Public Interest Association

question 148

Multiple Choice

What is a public interest association?

• A)an interest group that advocates for a cause or an ideology
• B) an interest group that seeks to protect or advance the material interests of its members
• C) a group or ideology that tries to advance its own interests at the expense of the public good
• D) an interest group organized around government responsibilities, such as schools or the environment
• E) an interest group that advocates free-rider benefits for the public

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Definitions:

Fees Earned

Income generated from providing services to clients or customers.

Dividends

A portion of a company's earnings distributed to shareholders as a return on their investment.

Miscellaneous Expense

Small, often irregular costs that do not fit well into other categories of a budget or financial statement.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts’ balances to permanent ones, resetting the temporary accounts for the next period.