There Are Approximately 70,000 Charities

question 51

Multiple Choice

There are approximately 70,000 charities.Unfortunately,a very small number are frauds and create problems for legitimate charities.Which of the following is not one of the problems related to bogus charities as cited in the textbook?

• A) People are scammed out of their money.
• B) Public confidence in charities is undermined, making it harder for legitimate charities to raise funds for important causes.
• C) People who donate to bogus charities run the risk of being in violation of the law.
• D) People do not get a tax deduction.

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Definitions:

Compensating Differential

The additional amount of income that an employee requires to accept a job that entails less desirable aspects, such as longer hours or higher risks.

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.

Unskilled Labor

Labor that requires no specialized skills, education, or training for its performance.

Productivity Gains

Increases in the amount of output produced per unit of input, reflecting improvements in efficiency, technology, or processes.