According to FASB,which of the Following Is Not Something That

question 117

Multiple Choice

According to FASB,which of the following is not something that distinguishes a private 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:

Drowsiness

A transient state of impaired alertness and reduced cognitive performance that precedes sleep.

Cognitive Therapy

A form of psychotherapy that seeks to identify and change negative thought patterns and beliefs to treat psychological disorders.

Psychodynamic

Pertaining to the psychological theory or approach that emphasizes the dynamic interplay of unconscious and conscious forces in shaping personality and behavior.

Behaviour

The actions or reactions of an organism or system, usually in response to its environment or stimuli.