A Long-Term Strategy for Attaining a Goal by Linking the Present

question 29

Multiple Choice

A long-term strategy for attaining a goal by linking the present with a better future for the organization is defined as a(n) ________.

• A) transaction
• B) attribution
• C) contingent plan
• D) vision
• E) substitution

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Definitions:

Beneficiaries

Individuals or entities entitled to benefits or proceeds from a will, insurance policy, trust, or other financial instruments.

Endowments

Funds or property donated as a source of income, where the principal is typically kept intact in perpetuity or for a defined time period.

Investment Income

Refers to the money earned from various investments, including dividends, interest, or capital gains from securities, real estate, and other assets.

Not-for-profit Organization

An entity that operates for purposes other than generating profit, focusing on social, educational, charitable, or other activities.