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Question
question 11
1 pts
if a company wants to operate as a not - for - profit or nonprofit, what must it request from the irs?
cash bonuses
reduced deductions
bonus tax credits
tax - exempt status
question 12
1 pts
with a solid plan in place, marshalls company is now ready to execute its strategic plan. what is meant by \execute the plan\?
present the plan to the entire company
merge the new plan with an old plan
take the steps towards reaching the plans end goals
destroy the plan and start over
Question 11
Not - for - profit or nonprofit organizations are exempt from certain taxes. To operate in this status, they need to request tax - exempt status from the IRS. Cash bonuses, reduced deductions, and bonus tax credits are not related to the fundamental requirement of operating as a non - profit.
When a company "executes the plan", it means taking the practical steps to achieve the plan's end goals. Presenting the plan is just communication, merging with an old plan is not execution, and destroying the plan is the opposite of execution.
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tax - exempt status