Changes to the Tax Incentive Element as It Pertains to Charitable

question 15

Multiple Choice

Changes to the tax incentive element as it pertains to charitable donations are part of which external factor affecting the marketing environment for nonprofit organizations?

• A)legal
• B)financial
• C)economic
• D)political
• E)sociocultural

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Definitions:

Working Capital

The difference between a company’s current assets and current liabilities, showing its short-term financial health and operational efficiency.

Vendors

Entities that supply goods or services to another, typically for business purposes.

Slow Paying

The practice of delaying payments beyond the agreed terms, often indicative of cash flow issues or strategic payment management.

Credit Sales

Sales made by a business where payment is delayed as agreed by both the seller and the buyer.