According to FASB, Which of the Following Is Not Something

question 48

Multiple Choice

According to FASB, which of the following is not something that distinguishes a not-for-profit organization from a business?

• A) Absence of ownership interests
• B) Operating purposes other than to provide goods or services at a profit
• C) Lack of ability to earn a profit
• D) Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return

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Definitions:

Narrow Sea

A relatively small and elongated body of seawater that lies between two landmasses, often acting as a natural border.

Volcanic Islands

Islands formed by volcanic processes above the sea level, often at hot spots or oceanic plate boundaries.

Oceanic Plateau

A large, high-standing, submarine plateau formed by volcanic activity and consisting mainly of basalt.

Abyssal Plain

A large, flat, almost level area of the deep-ocean floor, usually found at depths between 3,000 meters and 6,000 meters.