The Standard Code #55

For most organization, a budget is _____.
1. an estimate
2. authorization to collect and spend money
3. a financial guide
4. All of the other answers are correct.
Expenditures greater than that in the budget _____.
1. always need special authorization
2. cannot be allowed
3. are fine as the budget is an estimate
4. None of the other answers is correct.
If an authorized person makes a purchase on behalf of the organization even if unauthorized, the organization ____.
1. must pay the bill
2. can only pay the bill if authorized
3. can only pay the bill if pre-authorized
4. may not pay the bill
A committee can only spend money _____.
1. as it is authorized
2. that is needed to carry out its function
3. as the chair of the committee sees necessary
4. None of the other answers is correct.
In a meeting to form an organization, ______.
1. a small group should pre-meet to plan out what to do
2. a small group should plan who to nominate to head the mass meeting
3. if more than one person is nominated as chair, the first to receive a majority is elected
4. All of the other answers are correct.
At a mass meeting, who explains the purpose of the meeting?
1. A member of the planning committee
2. The chair of the meeting
3. Anybody who gets the floor
4. The purpose has to be decided upon by the members
At the first meeting of the proposed organization, ______.
1. a resolution to create a temporary society may be proposed
2. a temporary society must be formed by resolution
3. no resolution can be passed
4. None of the other answers is correct.
At a mass meeting, a resolution to form a permanent society _____.
1. may be proposed and passed
2. may be proposed but it cannot be passed until the second meeting
3. can be proposed and passed if the planning committee agrees
4. cannot be proposed if it is the first meeting of the group
When does a permanent society come into existence?
1. With the adoption of the bylaws
2. With the election of officers
3. With a resolution to create a permanent society
4. A combination of all of the other answers.
If members want a charter from an already existing society, ____.
1. a committee is appointed to carry out the procedure
2. the officers carry out the procedure
3. the staff carries out the procedure
4. All of the other answers are correct.
A temporary society lasts _____.
1. until its task is carried out
2. more than one meeting if needed
3. only one meeting in some cases
4. All of the other answers are correct.
A permanent society is designed to last ______.
1. permanently
2. for a long period of time
3. until it is dissolved
4. All of the other answers are correct.
A society that is unincorporated and governed only by its own rules is _____.
1. an association
2. a society
3. a company
4. a partnership
An association can freely ____.
1. own property
2. get tax breaks
3. receive gifts
4. None of the other answers is correct.
How many reasons are listed for incorporation?
1. 7
2. 6
3. 5
4. 4
If a society is incorporated, it is _____.
1. protected by state law
2. able to make use of the unified resources of the members
3. able to own property in its own rights
4. All of the other answers are correct.
If an organization is incorporated, _____.
1. the officers are protected from personal liability
2. the officers are personally liable for the organization
3. the officers are still partially liable for the organization
4. None of the other answers is correct.
If a society is incorporated, it is governed by _____.
1. state law
2. its charter
3. its bylaws
4. All of the other answers are correct.
Who should be consulted when incorporating a society?
1. An attorney
2. A parliamentarian
3. The IRS
4. All of the other answers is correct.
A society that is incorporated ______.
1. can still chose its own parliamentary authority
2. must adopt the parliamentary authority of the state
3. can only choose a parliamentary authority recognized by the state
4. cannot have a parliamentary authority

The Standard Code #55

Exercise to help with using The Standard Code