Funds That Are Restricted for a Certain Number of Years

question 98

True/False

Funds that are restricted for a certain number of years and then released are considered to be term endowments and are classified as temporarily restricted funds by private colleges and universities.

---

Definitions:

Spending Power

Refers to the capacity of consumers to purchase goods and services, often influenced by their disposable income and economic conditions.

Racial/Ethnic Subcultures

These refer to distinctive groups within a society or area, characterized by shared cultural heritage, language, religion, and often racial characteristics, influencing consumption patterns and marketing strategies.

African Americans

A demographic group in the United States consisting of individuals who have ancestry from the black racial groups of Africa.

Homogeneous Divisions

Sections within an organization that possess a uniform structure or composition, especially in terms of operations or workforce.