Question

17. Training Opportunities for Prison Populations (TOPP) runs a job-training program where persons exiting the prison system learn skills to transition to employment and self-sufficiency. Here, they learn carpentry skills and the organization sells their work in a retail store. Those involved earn money from the sales, and the organization supports its mission as well. Among the statements below, which ones are true? I. Not-for-profit organizations are exempt from most forms of taxation at the various levels of a country. II. Resource inflows of a not-for-profit organization may come from donations, grants, contracts for service, and the sale of goods and services. III. Most of the resource outflows fund operations and capital improvements. IV. Not-for-profit organizations are NOT allowed to earn profits. A. I. B. I. II. C. I. II. III. D. III. IV E. I. II. III. IV

Answer 1

Since the question is an MCQ based question, Answer is provided directly -

Answe E - I II III IV