Which of the Following Would Be Accounted for as a Permanent

question 91

Multiple Choice

Which of the following would be accounted for as a permanent fund?

• A) A gift of $65,000 to a school district, to be invested permanently, with the proceeds to be awarded as college scholarships to graduating seniors.
• B) A gift of $65,000 to a school district, to be used for landscaping improvements.
• C) A gift of $65,000 to a city to be invested permanently, with the proceeds to be used to buy books for the city library.
• D) Both A and C

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Definitions:

Organizational Objectives

The specific, measurable goals that an organization aims to achieve in order to fulfill its mission and move towards its vision.

Servant Leadership

A leadership philosophy in which the main goal of the leader is to serve others; it is characterized by leaders who prioritize the needs of their team members.

Implicit Leadership

The concept that people have underlying, often unconscious, beliefs about the characteristics and behaviors that make an effective leader.

Path-Goal Theory

A leadership theory that suggests leaders should adjust their leadership style to help followers reach their goals.