Which of the Following Statements About Incorporated Not-For-Profit (NFP)organizations Is

question 13

Multiple Choice

Which of the following statements about incorporated not-for-profit (NFP) organizations is true?

• A)Incorporated NFP organizations can only issue preferred share capital.
• B)Incorporated NFP organizations do not have share capital.
• C)Incorporated NFP organizations can only be government-owned.
• D)NFP organizations cannot be incorporated.

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Definitions:

Pay Rate

The amount of money a worker is paid per unit of time or per piece of work completed.

Competency-Based Rewards

A system of compensation and recognition that is directly tied to an employee’s demonstration of specific skills, abilities, and achievements.

Service Quality

The degree to which a service meets the customer's expectations and reflects the perceived difference between actual service performance and pre-service expectations.

Job Status-Based Rewards

Compensation or recognition given to employees based on their position or rank within an organization.