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Non-profit organization: Quiz

  
  
  
  

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Question 1: In ________, charities issue a tax certificate when requested by donors which can be used as a tax deduction by the donor.
South AfricaSierra LeoneCanadaMauritius

Question 2: A nonprofit organization (abbreviated NPO, also not-for-profit)[1] is an ________ that does not distribute its surplus funds to owners or shareholders, but instead uses them to help pursue its goals.
ManagementOrganizationOrganizational studiesOrganization development

Question 3: In the United States, to be exempt from federal income taxes the organization must meet the requirements set forth by the ________.
Internal Revenue ServiceTax protester (United States)FairTaxTaxing and Spending Clause

Question 4: NPOs are often charities or service organizations; they may be organized as a not-for-profit corporation or as a trust, a ________, or they may be purely informal.
Free schoolCooperativeLibertarian socialismWorkers' self-management

Question 5: In ________, NPOs are commonly known as Non-Governmental Organizations (NGOs).
Lok SabhaIndiaResearch and Analysis WingIndia and the Non-Aligned Movement

Question 6: Individual states and localities offer nonprofits exemptions from other taxes such as sales tax or ________.
Public financeTax havenProperty taxLand value tax

Question 7: [16] In ________, the Office of the Scottish Charity Regulator serves the same function.
United KingdomWalesScotlandEngland

Question 8: Note that this assessment excludes ________, at least a few of which have assets in the tens of billions of dollars.
CollegeGymnasium (school)UniversityPrivate school

Question 9: This is in many ways similar to a ________, but is intended specifically to ensure that the profits and assets of the company are used for public good.
Limited partnershipInstitutional investorCorporationLimited liability company

Question 10: Furthermore, even a tax exempt organization may be required to file annual financial reports (________) at the state and federal level.
Federal Insurance Contributions Act taxFairTaxIRS tax formsState income tax
















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