Question: 7. A structural deficit refers to a situation where an organization regularly cannot pay for its mission using only earned and possibly) investment income and
7. A "structural deficit" refers to a situation where an organization regularly cannot pay for its mission using only earned and possibly) investment income and must fundraise to make up the difference. TRUE FALSE Is the following statement TRUE or FALSE or do you NEED MORE INFORMATION? If an organization's tax year and fiscal year are the same, then the organization's fiscal year ends on December 31. TRUE FALSE NEED INFO 8. 9. The four key components of investment return are interest, dividends, realized gains and losses, and unrealized gains and losses. Is the following statement TRUE or FALSE, or do you NEED MORE INFORMATION? In arriving at your answer, do not assume any form of investment return not mentioned in the first sentence of this paragraph, or any related investment expenses. In fiscal year 2019, you did not sell any investments. You had more unrealized gains than unrealized losses. Therefore, your total investment return in fiscal year 2019 must have been greater than zero. TRUE FALSE NEED INFO
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