Question: QUESTION 11 Which statement is FALSE about endowments? Endowments are the same as reserve funds Endowment is a donation of money or property to a

QUESTION 11 Which statement is FALSE about endowments? Endowments are the

QUESTION 11 Which statement is FALSE about endowments? Endowments are the same as reserve funds Endowment is a donation of money or property to a non-profit Some or all of the funds are restricted in some way There are guiding documents that establish the endowment QUESTION 12 Which of the following is NOT considered a finance activity? Operations management assessment Financial risk management Planning and budgeting Capital investment decisions

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