Habitat for Humanity renovates vacant houses and sells them at no-interest mortgage rates to low-income home buyers. The organization relies on volunteers to provide the labour and funding for its renovations. Which of the following BEST describes Habitat for Humanity?
a. It is a for-profit organization.
b. It is a service branch.
c. It is an image-oriented organization.
d. It is a nonprofit organization.
Ans: d. It is a nonprofit organization.
Business
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Dual-use products pose a problematic scenario for countries because:
a. most nations are not in the defense business. b. it is hard for nations to agree on what is a military use and what is a civilian use. c. all products cannot be screened by the United Nations. d. trade embargoes disallow certain products to be used by major suppliers.
Business
All of the following amounts are taxable income to the recipient except:
A. Prizes B. Unemployment compensation C. Salaries D. Farm income E. Gifts
Business