Solve all of the following statements kindly!! You are the financial manager of a midsize nonprofit that has just received an endowment of a substantial amount from a longtime supporter. The board members are excited because years of effort have gone into seeking this endowment, and they are expecting that the endowment will mean increased financial stability for the nonprofit in the future. The board members have been distressed by money shortages in recent years caused by donor fatigue and the economic downturn. They do not, however, know how an endowment should be managed. A couple of members have knowledge of accounting and auditing, but no one on the board is an investment expert, and the nonprofit has no experience in endowment investment, given that this is the first endowment the nonprofit has received. You, as the financial manager of the nonprofit, have been asked to take on the responsibility of establishing and managing the endowment (a situation not uncommon in small and midsize nonprofits). You are very happy with the infusion of capital as an endowment, but you take on the role of managing the endowment with some trepidation, knowing how unprepared the nonprofit is for this new financial management task. You want to perform well with the endowment for the mission of the nonprofit, but you do not want to take the blame if the endowment does not achieve excellence, despite your best efforts, because of uncontrollable events such as swings in the market and economic fluctuations. What should you take into consideration and what steps should you undertake if you intend to take on responsibility for the endowment in addition to your other duties?

Complete The Financial Manager Takes Steps to Manage a New Endowment Case Study in a Word document.

[4/2, 14:39] Festuh: Flag

REVISED CORPORATION LAW

1.) Corporation which is public in character but private in purpose:

A.) Corporation

B.) De facto corporation

C.) Non-stock corporation

D.) GOCC

E.) Close corporation

2.) Shares which have been lawfully issued by the corporation and fully paid for and later reacquired it either by purchase, redemption, donation, forfeiture or other lawful means:

A.) Treasury shares

B.) Redeemable shares

C.) Delinquent shares

D.) Stock options

3.) The following are causes for suspension or revocation of certificate of registration of a corporation, EXCEPT:

A.) fraud in procuring certificate of registration

B.) continuous inoperation for 2 years

C.) serious misrepresentation to the damage of the general public

D.) defiance of any lawful order of the SEC

4.) Which among the following is not a valid issue value of a no par value share?

A.) Php 0.50

B.) Php 5.00

C.) Php 50.00

D.) Php 500.00

5.) A corporation has a juridical personality separate and distinct from that of its stockholders or members:

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.)Trust Fund Doctrine

E.) Dummy Doctrine

6.) This doctrine allows the State to disregard the separate juridical personality of the corporation where the entity is formed or used for non-legitimate purposes.

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

7.) The capital of the corporation must not be dissipated for the purpose of payment of corporate obligations and liabilities.

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

8.) Where the Articles of Incorporation do not provide for any distinction of the shares of stock, all shares issued by the corporation are presumed to be equal and enjoy the same rights and privileges and are also subject to the same liabilities.

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

9.) Where the corporation is controlled by aliens, this is in violation of the law as where it was organized under Philippine laws

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

10.) The following are qualifications of incorporators except:

A.) Natural or artificial persons

B.) Must own at least one share of stock, if stock corporation

C.) Must be of legal age, if natural person

D.) Majority must be citizens of the Philippines

E.) None of the above

11.) Persons who, acting alone or with others, take initiative in founding and organizing the business or enterprise of the issuer and receive consideration therefor

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

12.) Those mentioned in the article of Incorporation as originally forming and composing the corporation

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

13.) Comprise the corporation whether as stockholders or members:

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

14.) Owners of shares in a corporation which has a capital stock:

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

15.Corporators of a corporation which has no capital stock:

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

11. Define each, and explain the difference, if any, between arbitration, and mediation. Explain the roles that each of the branches of the federal government fulfills by name. 12. A third person not in privity with the persons who stand in privity can enforce the contract only if he is a beneficiary of the contract. Name an example of such a contract.According to the authors of the article entitled "Vicarious Liability: The Legal Responsibility of Employers": Select one: O a. The vicarious liability rule does not instill a sense of social responsibility on the part of employers. O b. All employment contracts should contain hold-harmless or indemnity clauses in favour of the employer because these clauses offer significant protection to employers. O c. The purpose of vicarious liability is to obtain a just and practical remedy for the victim so far as possible and to deter future harm. O d. At least one of the reasons for the vicarious liability rule is that most employees have "deeper pockets" than their employers