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:

Bureaucracy

An administrative framework marked by rigid rules, methods, and a clear chain of command, typically found in sizable institutions or governmental bodies.

Reliability and Stringency

Concepts relating to the consistency of a measure (reliability) and the strictness or rigor of procedures or criteria (stringency).

Discipline

The practice of training people to obey rules or a code of behavior, using punishment to correct disobedience.

Clear Division of Labour

Refers to the specific allocation of work tasks or responsibilities among individuals or groups in an organization to improve efficiency and productivity.