In Not-For-Profit Accounting, an Acquisition Occurs When One Not-For-Profit Organization

question 61

Multiple Choice

In not-for-profit accounting, an acquisition occurs when one not-for-profit organization obtains:

• A) Significant influence over another not-for-profit organization.
• B) The direct ability to determine the direction of management of another not-for-profit organization.
• C) The indirect ability to direct the policies of management of another not-for-profit organization.
• D) Control over another not-for-profit organization.
• E) None of the above. An acquisition can only occur for profit-oriented organizations.

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Definitions:

Airline Pilots' Union

An organization representing the collective interests of pilots, focusing on issues related to working conditions, salaries, and safety standards.

National Education Association

The largest professional interest group in the United States that represents public school teachers and other support personnel, faculty and staffers at colleges and universities, retired educators, and college students preparing to become teachers.

Union Membership

The state of being a member of a labor union, which represents workers' interests in negotiations with employers.

Labor Force

The total number of people who are employed or actively looking for employment.