Which of the Following Should Be Accounted for in a Permanent

question 1

Multiple Choice

Which of the following should be accounted for in a permanent fund?

• A) A gift of $1,000,000 to a city, to be invested permanently, with the proceeds to be used to maintain the city war memorials.
• B) A gift of $100,000 to a school board, to be given out $10,000 a year to the class valedictorian as a college scholarship.
• C) A gift of $100,000 to a city, to be expended next year to purchase books for the city library.
• D) A gift of $1,000,000 to a city, to be invested permanently, with the proceeds to be used to distribute to one or more nonprofit groups.

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Definitions:

Novel Way

An original or unconventional method of approaching a problem or situation, offering a fresh and unique perspective.

Transformation

A thorough or dramatic change in form or appearance.

Intermediate Actions

Activities or steps taken between the beginning and end of a process to achieve a goal or complete a task.

Arrangement

The act of organizing or positioning things in a particular order or pattern.