Operating Capability Refers to

question 63

Multiple Choice

Operating capability refers to

• A)the ability of a company to adapt to unexpected needs and opportunities
• B)the uncertainty or unpredictability of the future results of a company
• C)a measure of overall company performance
• D)a company's ability to maintain a given level of operations

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Definitions:

Consideration

Something of value (such as money, service, promise, or goods) that is given by both parties to a contract that compels mutual obligation.

Charitable Purpose

involves activities carried out for the benefit of the public, such as alleviating poverty, advancing education, religion, or other activities serving the public interest.

Promised Gift

A commitment to transfer ownership of an item or property to someone else without expecting something in return.

Consideration

A value promised in a contract that each party agrees to exchange, which is necessary for a valid agreement.