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Which of the Following Is an Example of Volunteer Services

question 28

Multiple Choice

Which of the following is an example of volunteer services received by a not-for-profit entity that should be recognized as revenue?
I.Services requiring specialized skills,provided by individuals with those skills,that otherwise would have to be purchased.
II.Services of lay faculty at a private university operated by a religious order.
III.Services that create or enhance non-financial assets,regardless of whether or not they require specialized skills.


Definitions:

Functional Autonomy

A principle in psychology where behaviors and habits, initially formed in response to a particular need, persist even after the original motive has ceased.

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Individuals who exhibit emotional stability, resilience, and the capacity to develop positive relationships.

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An organism whose features and behaviors are primarily determined by biological rather than environmental factors.

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Describes an individual who has reached a level of psychological development characterized by self-awareness, emotional regulation, and adaptability.

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