What Does a Not-For-Profit Corporation Enjoy the Benefit Of

question 39

Multiple Choice

What does a not-for-profit corporation enjoy the benefit of?

• A)exemption from filing paperwork
• B)limited liability for shareholders
• C)earnings that are exempt from provincial and federal taxes
• D)guaranteed dividends to shareholders

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Definitions:

Admission Decision

The outcome of the evaluation process by which institutions determine if a candidate meets the criteria for entry.

Program

A set of related measures or activities with a particular long-term aim or a sequence of instructions to perform a specific task by a computer.

Applicants

Individuals who apply for something, such as a job, course, or program, seeking to fulfill certain criteria to obtain it.

Turned Away

Refers to being denied entry or access to a place, service, or opportunity often due to capacity, requirements not being met, or other restrictions.