American Express Established a Consulting Program That Sent Expert Teams

question 10

Multiple Choice

American Express established a consulting program that sent expert teams of employees into nonprofits to solve organizational problems.This can be considered an example of:

• A) An in-kind contribution.
• B) Skills-based volunteerism.
• C) Community-based philanthropy.
• D) Organizational support.

---

Definitions:

Net Profits

The amount of money left over after all expenses, taxes, and deductions are subtracted from a company's total revenue.

Compensating Balance

A minimum account balance that a company agrees to maintain in a bank in return for banking services.

Business Loan

A loan specifically intended for business purposes, providing the necessary capital for start-up or expansion.

Prime Rate

The interest rate that commercial banks charge their most credit-worthy customers, often used as a reference point for various types of loans.