Which of the Following Is Not a Required Characteristic of a Private

question 45

Multiple Choice

Which of the following is not a required characteristic of a private not-for-profit organization per the definition given by the AICPA?

• A)​no owners or shareholders
• B)​an operating purpose other than making a profit
• C)​an organization dedicated to service of the public good
• D)​Significant contributions from providers who do not expect reciprocal goods or services in return

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Definitions:

Observations

The action or process of closely monitoring or noticing something or someone, often used as a method for collecting data in research.

Brain Parts

Components of the brain, such as the cerebrum, cerebellum, and brainstem, each responsible for different functions and processes.

Fellowship

A community of people who share common interests, goals, or experiences, often associated with academic institutions or professional fields to support mutual learning and growth.

Playing Cards

A set of rectangular pieces of card stock or thin plastic, often numbered or illustrated, used in a variety of games.