An Entity Satisfies the "Not-For-Profit" Requirement for Exempt Status If

question 110

True/False

An entity satisfies the "not-for-profit" requirement for exempt status if its total expenses for the year exceed its gross income.

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Definitions:

Irrational Thinking

Patterns of thought that are illogical or not based on reason or clear thinking.

Motivational Interviewing

A counseling approach that helps individuals find the motivation to make positive decisions and accomplish established goals.

Person-centered Therapy

A psychotherapeutic approach developed by Carl Rogers that emphasizes an empathetic, nonjudgmental environment, allowing clients to lead the conversation and process of therapy.

Intrinsic Motivation

Type of motivation in which a person performs an action because the act itself is rewarding or satisfying in some internal manner.