By Serving on the Board of Directors of Various Charities,Bernie

question 10

Multiple Choice

By serving on the Board of Directors of various charities,Bernie Madoff was able to:

• A) Utilize their tax-exempt status to his advantage
• B) Invest funds in a nontaxable manner
• C) Hide his profits through the use of nonprofit organizations that were highly unlikely to be audited by the IRS
• D) Gain their trust

---

Definitions:

Undesirable Features

Aspects or characteristics of a situation, agreement, or product that are not favorable or appealing.

Attractive Features

Qualities or characteristics of a product, service, or proposition that make it appealing to potential buyers or partners.

Explore Commonalties

Exploring commonalities involves identifying shared interests, values, or experiences during negotiation or conversation, which can facilitate rapport and mutual understanding.

Highlight Differences

The process of emphasizing or pointing out the distinct or contrasting aspects between two or more entities.