The Two Broad Groups That Non-Profit Organizations Serve Are Clients

question 19

Multiple Choice

The two broad groups that non-profit organizations serve are clients and ________.

• A)audiences
• B)customers
• C)donors
• D)beneficiaries

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Definitions:

Cumulative Preferred Shares

Preferred stock where dividends accumulate if not paid in a given period and must be paid out before any dividends can be paid to common stockholders.

Dividends in Arrears

Unpaid dividends on cumulative preferred stock that must be paid before any dividends can be paid to common shareholders.

Dividend Payable

A liability recorded on the balance sheet for dividends declared by the company but not yet paid to shareholders.