Catherine, a Board Member of Clayton Inc

question 69

Multiple Choice

Catherine, a board member of Clayton Inc., is also part of an operating committee that is responsible for overseeing the accounting policies of the company. This committee is known as the _____.

• A)business sales unit
• B)audit committee
• C)human resourcing unit
• D)marketing committee

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Definitions:

501(c)(4)

A designation for a type of nonprofit organization in the United States exempt from federal income tax, which promotes social welfare.

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Political Purposes

Objectives or goals related to influencing, directing, or controlling government policy and actions.

Dark Money

Political spending by organizations that are not required to disclose their donors, making it difficult to identify the source of the funding.