The Following Are Characteristics Shared by Both For-Profit and Not-For-Profit

question 14

Multiple Choice

The following are characteristics shared by both for-profit and not-for-profit corporations EXCEPT ________.

• A) electing a board of directors to run the organization
• B) offering employee fringe benefits
• C) having limited liability protection
• D) issuing shares of stock
• E) holding board meetings

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Definitions:

Problem Solving

The process of identifying a problem, generating possible solutions, and selecting the best course of action among them.

Spare Tyre

A colloquial term for an additional tyre carried in a vehicle for use in the case of a flat tyre or blowout.

Sub-Goals

Intermediate or smaller goals that serve as manageable steps toward achieving a larger goal or objective.

Flat Tyre

A deflated pneumatic tire, which can cause the rim of the wheel to ride on the tire tread or the ground potentially resulting in loss of control of the vehicle or irreparable damage to the tire.