Which of the Following Statements Is Correct

question 22

Multiple Choice

Which of the following statements is correct?

• A)An endowment is a donation that is received with the proviso that it be spent in a specified manner and often in the form of invested funds and only the earnings from the fund may be spent on the organization.
• B)Endowments are unrestricted donations which can be used for any purposes that are consistent with the goals and objectives of the not-for-profit organization.
• C)Endowments are provided as donations which only allow a not-for-profit organization to invest in other not-for-profit organizations only.
• D)Endowments may be restricted and unrestricted funds which must be used in accordance with the wishes of the contributor and only available during the life of the donor.

---

Definitions:

Perceptual Organization

The process by which the brain pieces together sensory information to create a coherent picture of the environment.

Closure

The sense of resolution or conclusion at the end of an emotional or traumatic experience or relationship.

Linear Perspective

A fundamental principle in art and design that creates the illusion of depth and distance on a flat surface.

Interposition

A visual cue in perception where one object partially covers another, indicating that the former is closer to the observer.