Blue, Inc, Receives Its Support from the Following Sources

question 101

Multiple Choice

Blue, Inc., receives its support from the following sources. Which of the following statements is correct?

• A) Blue, Inc., is a private foundation because it satisfies the external support test and fails the internal support test.
• B) Blue, Inc., is not a private foundation because it fails both the internal and external support tests.
• C) Blue, Inc., is a private foundation because it satisfies both the external support test and the internal support test.
• D) Blue, Inc., is not a private foundation because it satisfies both the external support test and the internal support test.
• E) None of the statements is true.

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Definitions:

Unlimited Amounts

Refers to a quantity without any limit or restriction, allowing for an indefinite expansion or supply.

Ethical Preferences

Individual or collective choices based on principles of right and wrong, often influencing behavior and decision-making.

Origin

The beginning or cause of something; where something comes from.

Virtue Ethics

An ethical theory that emphasizes an individual's character as the key element of ethical thinking, rather than rules or consequences.