Nonprofit Nonprofit Governance

Question 1

What is the primary governing body of a nonprofit organization in the US?

Accepted Answer

Board of Directors

Answer

Executive Director

Answer

State Attorney General

Answer

IRS

Question 2

Which of the following best describes the duty of loyalty for nonprofit board members?

Accepted Answer

Acting in the best interest of the organization rather than personal gain

Answer

Attending all board meetings without exception

Answer

Filing annual reports with the IRS

Answer

Hiring qualified staff members

Question 3

What is a quorum in the context of nonprofit board meetings?

Accepted Answer

The minimum number of members needed to conduct official business

Answer

The maximum number of board members allowed

Answer

A written resolution passed by email

Answer

A financial audit of board expenses

Question 4

What document outlines the internal rules and procedures that govern a nonprofit organization?

Accepted Answer

Bylaws

Answer

Articles of Incorporation

Answer

Form 990

Answer

Mission Statement

Question 5

Which board governance model separates the board's policy role from the staff's operational role?

Accepted Answer

Policy Governance (Carver Model)

Answer

Working Board Model

Answer

Advisory Board Model

Answer

Hybrid Governance Model

Question 6

What is the role of the Nominating Committee in a nonprofit board?

Accepted Answer

Identifying and recruiting qualified candidates for board membership

Answer

Approving the annual operating budget

Answer

Overseeing financial audits

Answer

Managing employee compensation