How Does the World Health Organization Define Health

question 15

Multiple Choice

How does the World Health Organization define health?

• A) as the absence of disease
• B) as the absence of disease or infirmity
• C) as a state of complete physical, mental, and social well-being
• D) as a state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity

Recognize pledges and contributions and understand their treatment in not-for-profit accounting.

Understand accounting and reporting practices for capital assets and related contributions in not-for-profit organizations.

Comprehend the requirements and methods for accounting for donated goods and services in not-for-profit organizations.

Identify the purposes of using an encumbrance system in budgeting and accounting for not-for-profit entities.

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Definitions:

Trade Discount

A reduction in the retail price offered by sellers to buyers in the trade as an incentive or reward for buying in bulk or meeting certain conditions.

List Price

The price quoted by a supplier of a product before any trade discounts.

Net Price

The price paid after the deduction of trade discounts.

Notation

A system of symbols used to represent information, often used in financial documents to denote specific types of transactions or accounts.