8.Training Opportunities fbr 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-fbr-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 fbr 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. IL

C.I. IL III.

D.III. IV

E.I. II. III. IV