Which of the Following Should Be Accounted for in a Permanent

question 1

Multiple Choice

Which of the following should be accounted for in a permanent fund?

• A) A gift of $1,000,000 to a city, to be invested permanently, with the proceeds to be used to maintain the city war memorials.
• B) A gift of $100,000 to a school board, to be given out $10,000 a year to the class valedictorian as a college scholarship.
• C) A gift of $100,000 to a city, to be expended next year to purchase books for the city library.
• D) A gift of $1,000,000 to a city, to be invested permanently, with the proceeds to be used to distribute to one or more nonprofit groups.

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Definitions:

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, leading to an alteration in one of the attitudes, beliefs, or behaviors to reduce the discomfort.

Id

In psychoanalytic theory, it refers to the part of the human psyche that is the source of instinctual impulses and demands immediate satisfaction.

Indigenous Populations

The original inhabitants of a region, along with their descendants, who maintain traditions or aspects of an early culture that is associated with a given area.

Australian Association

A general term that could refer to any organization or group based in Australia, focused on a specific purpose or interest.