Non profit mid term

A nonprofit organization is best defined as

a means for voluntary group action for the mutual benefit of others

Private inurement doctrine basically says that a nonprofit

can't be set up to benefit a person instead of a cause

In order to successfully develop and implement a strategic plan, leaders should

engage the board of directors in planning in substantial ways

Leaders need "buy-in" before they can implement a new strategy.

false

Although organizational members and leaders at every level matter, _____________ have a disproportionate amount of impact on an organization's success.

higher-level leaders

The author of this chapter outlines 4 things he wishes he knew when he began his human resources career. Which of the following is not included within that list?

in the short term, diversity often creates more problems than it solves

By law, a nonprofit organization

is not permitted to distribute its profits to those who control it

A successful leader in the nonprofit sector

learns equally from outstanding and mediocre leaders

According to the author, the most effective leadership style is almost always

none of the above

Nonprofit organizations may engage in legislative activities to the extent that lobbying is not a substantial part of their overall functions.

true

To support diversity, emerging leaders should identify and build relationships with organizations and partnerships that may serve as sources of diverse candidates for staff, volunteer, and board openings.

true

You should avoid being overly modest in informational meetings and interviews, using this time instead to "sell" yourself.

true

different generations are - in essence - different cultures.

true

In order to harness the "power of networks" you should never

use email to ask for advice

The three sectors of society include

public, private, and nonprofit

Tax-exempt organizations are most commonly referred to as being a _____________ because of the section they must file with under the Internal Revenue Code.

501c3

Restricted contributions are funds that

A) an organization must use only to pay for specific business costs B) are generally geared towards program expenses, rather than overhead costs C) donors have placed a cap on how/when they can be used D) all of the above

Effective nonprofit leaders should

A) produce monthly or quarterly financial statements B) share financial data with their board, funders and internal/external stakeholders C) compare year-to-date actuals to the proposed budget D) all of the above

To "know yourself, your interests, and your skills as well as possible" the authors suggest

A) reflecting in what "makes your heart sing" B) testing your interests against reality C) attending conferences and events sponsored by local nonprofit organizations D) all of the above

A defining characteristic of nonprofit organizations is

A) they are private, not governmental B) they are voluntary C) they seek to provide a societal benefit D) all of the above

Which generation is more likely to define itself through its work

Boomer Generation

Diversity includes - but is not limited to - issues of

Everything

The authors of this chapter list 6 actions that can help a leader be sensitive to generational issues. Which of the following is not included within that list?

Expand the competencies of each generation

A nonprofit organization should set aside at least 60 days of operating expenses in a "rainy day" fund.

False

The 4 generations discussed in this chapter's opening section include:

Silent Generation

S.W.O.T. is an acronym for

Strengths, Weaknesses, Opportunities, and Threats

Good leaders delegate - rather than manage - and then hold people accountable for the results.

True

Nonprofit organizations are where social reform has most often arisen.

True

A strategic plan is

an organized pattern of behavior toward an end

According the to authors of this chapter, 501(c)(3)s (i.e., nonprofit organizations)

are businesses

Four ways to develop yourself personally and professionally include

assuming added roles, reading, working freelance, & applying for leadership training