The Institution's Governing Board Decided to Create an Endowment from Contributed

question 34

Multiple Choice

The institution's governing board decided to create an endowment from contributed funds, this is called an ________ and the funds are unrestricted.

• A) Endowment.
• B) Term endowment.
• C) Quasi-endowment.
• D) None of the above.

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Definitions:

Psychology Test

An assessment designed to evaluate cognitive, emotional, or behavioral aspects of an individual, often used for diagnostic purposes.

Organizing

The process of arranging or structuring elements in a systematic way to achieve order and improve efficiency.

Unmarried People

Individuals who are not legally married or part of a recognized marital union.

Married People

Individuals who have entered into a legally recognized union, typically involving emotional and financial partnership and commitment.