Which of the Following Is Not a Condition That Would

question 2

Multiple Choice

Which of the following is not a condition that would permit a public college or private college or university to avoid accounting recognition of the value of its collections of art,historical treasures,and similar assets?

• A)Public colleges and universities are required by GASB standards to capitalize and report all collections.
• B)The assets are held for public exhibition,education,or research in furtherance of public service rather than financial gain.
• C)The assets are protected,kept unencumbered,cared for,and preserved.
• D)The assets are subject to an organizational policy that ensures the proceeds of sales of collectible assets are used to acquire other items for collections.

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Definitions:

Reverse Networking

An approach where instead of seeking out others for personal gain, individuals focus on what they can offer to their network, building relationships on generosity and service.

IT Specialists

Professionals who are skilled in the use and management of computers and information technology to solve problems related to software, hardware, networks, and systems.

Mentoring Relationship

A personal development relationship where a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person.

Tenured Faculty

Academic staff members who have been granted tenure, offering them job security and freedom to research or teach according to their expertise.