Which of the Following Is Not a Distinguishing Characteristic of a Private

question 69

Multiple Choice

Which of the following is not a distinguishing characteristic of a private not-for-profit organization according to FASB Statement No.116?

• A) Operating purposes other than to provide goods or services at a profit.
• B) Absence of ownership interests like those of business enterprises.
• C) Contributions of significant amounts of resources from resources providers who do not expect commensurate or proportionate pecuniary return.
• D) Upon dissolution of the organization, remaining assets are to be distributed to the original contributors.

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Definitions:

Middle-Class Culture

The set of values, attitudes, and practices associated with the middle class, a socioeconomic group between the working class and the wealthy, often characterized by a focus on education, employment stability, and family.

American Economy

Refers to the overall economic system of the United States, characterized by a mixed economy with private and public enterprise, and is one of the world's largest and most influential economies.

New Woman

A feminist ideal that emerged in the late 19th century, representing women who pursued greater personal freedom, education, and career opportunities.

1920s

A decade often referred to as the "Roaring Twenties," characterized by major economic growth, cultural developments, and significant social changes in the United States and Europe.