Not-For-Profit Entities That Are Eligible to Obtain Tax-Exempt Status Under

question 26

Multiple Choice

Not-for-profit entities that are eligible to obtain tax-exempt status under Internal Revenue Code section 501(c) (4) are

• A) Those promoting literacy.
• B) Those promoting scientific research.
• C) Chambers of Commerce.
• D) Professional sports leagues.
• E) Those functioning exclusively to promote social welfare.

---

Definitions:

Mature Person

An individual who demonstrates emotional and psychological stability, responsible behavior, and the ability to make reasoned decisions based on experience.

Procedural Justice

The fairness and transparency of the processes that lead to outcomes or decisions, emphasizing the way decisions are made rather than the outcomes themselves.

Moral Philosophy

The branch of philosophy concerned with discussing what is morally right and wrong, and why human actions and intentions are evaluated as good or evil.