Which Entry Would Be the Correct Entry on the Donor's

question 15

Multiple Choice

Which entry would be the correct entry on the donor's books when the donor relinquishes control of an asset that it contributes to a not-for-profit organization?

• A) Option A
• B) Option B
• C) Option C
• D) Option D
• E) Option E

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Definitions:

Socioeconomic Status

A combined measure based on an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Ethnicity

A category of identification based on common nationality, cultural heritage, traditions, and language.

Culture

The shared beliefs, values, norms, practices, languages, and symbols of a group of people that are passed from one generation to another.

Customs

Traditional practices and norms that define the social behaviors within a particular community or society.