Which of the Following Terms Is Used to Indicate That

question 41

Multiple Choice

Which of the following terms is used to indicate that a donor provided a gift with explicit instructions that the gift is to be used for a specific purpose by the not-for-profit but the entire amount may be spent right away?

• A) Board-designated net assets.
• B) Net assets without donor restrictions.
• C) Endowment assets.
• D) Net assets with donor restrictions.

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Definitions:

MAN

Metropolitan Area Network, a network that connects users with computer resources in a geographic area or region larger than that covered by even a large local area network (LAN) but smaller than the area covered by a wide area network (WAN).

NICs

Network Interface Cards (NICs) are hardware components that connect a computer to a network, allowing it to communicate with other computers and devices.

LAN

Stands for Local Area Network, a computer network that interconnects computers within a limited area such as a residence, school, laboratory, or office building.

WAN

Wide Area Network, a telecommunications network that extends over a large geographic area for the purpose of computer networking.