The National Taxonomy of Exempt Entities (NTEE) Divides Nonprofit Organizations

question 36

Multiple Choice

The National Taxonomy of Exempt Entities (NTEE) divides nonprofit organizations into categories based on the organization's:

• A) purposes, activities, and programs.
• B) budget and staff.
• C) mission and vision statements.
• D) type of clients served.

Understand the role of cognitive biases and errors in perception and judgment.

Analyze the impact of first impressions and stereotypes on social interactions.

Understand the concept and examples of social influence and conformity.

Recognize the mechanisms and effects of cognitive dissonance.

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Definitions:

FOB Shipping Point

A shipping term indicating that the buyer assumes responsibility for the goods and the shipping costs as soon as the goods leave the seller's premises.

Consignment

An arrangement in which goods are left with a third party to sell, but the ownership remains with the supplier until the goods are sold.

Warranty Repairs

Warranty repairs are services provided to fix defects in products that are under warranty without additional charge to the consumer. These costs are often anticipated and accounted for by the manufacturer.

Physical Count

A process of manually counting actual inventory to verify quantities and ensure accuracy of records.