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The Smith Family Contributed $200,000 to a Local College to Establish

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The Smith family contributed $200,000 to a local college to establish a scholarship fund in the name of their late father. Scholarships will be provided from the fund earnings. This is best described as which kind of contribution?


Definitions:

Norms

Shared expectations or rules within a society or group about how its members should behave.

Psychological Test

An assessment tool designed to objectively measure aspects of an individual's mental performance and behavioral characteristics.

Aptitude Test

An assessment used to determine an individual's skill or potential to succeed in a certain task or career.

College

An institution of higher learning that offers undergraduate programs, typically leading to a bachelor's degree.

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