Asked by Kaitlyn Conigliaro on Jun 05, 2024
Verified
Lohmann describes a third category of goods as ______ goods.
A) free
B) common
C) charitable
D) tax-exempt
Charitable Goods
Items donated to or produced by charitable organizations for the purpose of supporting their missions, often distributed to those in need or sold to raise funds.
Tax-exempt
Not subject to tax by federal or local authorities, often applicable to certain organizations, incomes, or properties.
Common
A term indicating something that is usual, typical, or shared among multiple entities.
- Understand the classification of goods in the context of nonprofit management.
Verified Answer
Learning Objectives
- Understand the classification of goods in the context of nonprofit management.
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