Under GAAP,for Nonprofit,nongovernmental Entities,an Unconditional Transfer of Cash or Other

question 11

Multiple Choice

Under GAAP,for nonprofit,nongovernmental entities,an unconditional transfer of cash or other assets to an entity,or a settlement or cancellation of its liabilities in a voluntary,non-reciprocal transfer,is called a(n)

• A)unconditional promise to give.
• B)contribution.
• C)conditional promise to give.
• D)residual equity transfer.

Explain crowdsourcing, its benefits, risks, and its applicability to start-ups and established businesses.

Know the role of the web in supporting learning activities.

Describe the process of information movement within an organization’s work procedures.

Detail different methods of accessing the Internet and evaluate them based on various criteria.

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Definitions:

Model Business Corporation Act

A model set of laws prepared by legal experts to guide states in the development of their corporate statutes.

Shares

Units of ownership in a corporation or financial asset that represent an equal proportion of its capital.

Benefit

An advantage, profit, or gain received or enjoyed by an individual or entity, often as a result of a contract, employment, or other agreement.

Promoter

An individual or company who takes initiative to organize, finance, or promote and start up a new business venture or event.