Which of the Following Activities, Whose Proceeds Benefit an Exempt

question 80

Multiple Choice

Which of the following activities, whose proceeds benefit an exempt organization, are subject to the feeder organization rules?

• A)A weekly raffle operated by paid employees.
• B)A car wash operated on Saturdays by volunteers.
• C)A yard sale of donated clothes.
• D)A thrift shop run by volunteers.
• E)None of the above is subject to the feeder organization rules.

Understand the purpose and types of fees associated with mutual funds.

Determine the share count of a mutual fund based on its NAV and net assets.

Identify factors that influence the net asset value of mutual fund shares.

Understand the advantages and characteristics of mutual funds and Exchange Traded Funds (ETFs).

---

Definitions:

Laminar Blood Flow

Laminar blood flow describes the smooth, orderly movement of blood through vessels, where layers of blood move parallel to the vessel wall without mixing.

Innermost Layer

The deepest or most central layer within a structure.

Outermost Layer

The external surface or layer of an object or organism, often serving as a protective barrier.

Internal Jugular Veins

Large veins located in the neck that carry blood from the head back to the heart.