Give an Example of the Indicated Types of Exempt Organizations

question 116

Multiple Choice

Give an example of the indicated types of exempt organizations.
-Not an exempt organization

• A)League of Women Voters.
• B)Teachers’ association.
• C)American Plywood Association.
• D)Six Flags over Texas theme park.
• E)Salvation Army.

---

Definitions:

Office Equipment

Tangible assets such as computers, desks, and chairs, purchased for use in the conduct of business operations and not intended for resale.

Production Equipment

Machines and tools used in the manufacturing process to produce goods.

Liability Insurance

A type of insurance that provides protection against claims resulting from injuries and damage to people and/or property.

Rental Contract

A written or verbal agreement between a lessor and lessee that stipulates the terms and conditions under which a property, vehicle, or piece of equipment is rented.