What Is the Principal Advantage to an Organization of Having

question 73

Multiple Choice

What is the principal advantage to an organization of having 501(c) (3) status?

• A) The organization does not have to pay federal income tax.
• B) The organization does not have to pay state sales taxes on purchases.
• C) Donors to the organization may deduct their contributions as charitable donations.
• D) All of the above.

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Definitions:

Polychronic Activity

Polychronic activity refers to the handling of multiple tasks or events simultaneously, characteristic of cultures that value flexibility in time management.

Relationship Marketing

Relationship marketing is a strategy designed to foster customer loyalty, interaction and long-term engagement rather than focusing solely on short-term goals.

Psychological Time

An individual's subjective experience of time, which may differ significantly from actual clock time, influenced by various psychological states.

Hedonic Shopping

Shopping activities driven by pleasure seeking and emotional gratification rather than practical or functional needs.