A corporation must have at least this many directors
What is one director.
100
Two things to consider when budgeting
What is
- Where your money is going to come from
- What are your Standard Costs
- Unexpected Costs
- Past Budget
- Other
100
Two types of records you must keep
All articles of the corporation
Meeting minutes
Resolutions
Debt obligations
Directors Register
Officers Register
Member Register
100
Briefly describe what strategic planning is?
defining strategy, direction, budgeting and planning of an organization
100
What is the first step in creating a not-for-profit organization
What is filling the required documents
200
The minimum age to become a director
What is 18 years old
200
The boards involvement when it comes to budgeting
What is
Receiving reports and questioning any changes from the initial plan. The board must review the budgeting strategy on a minimum annual basis.
200
Who must have access to the records for inspection
What is
all directors must have access for inspection
200
Name two things directors must know in regards to strategic planning
What is The role of the board in developing and approving strategy, plans and budgets
The reason for planning and budgeting
The process by which strategies, plans and budgets are typically developed and approved
200
A corporation must prepare financial statements each year which comply with requirements of:
What is NFP Act
300
A directors term can not exceed this many years
What is 4 years
300
Accounting Records must be kept for at least this many years
What is 6 years
300
Where must records be kept?
What is at its registered office or at some other location in Canada chosen by the board of directors.
300
What are the four steps of strategic planning
What is
Analysis or assessment
Strategy Formulation
Strategy Execution
Evaluation
300
Soliciting Corporations must have at least this many directors
What is What is 3 directors
400
Two ways that a directors term can end
What is
dies,
resigns,
is removed from office,
is declared to be incapable by a court,
becomes a bankrupt, or
has their term of office expire. (term cannot exceed 4 years)
400
The risks of being over or under a budget.
What is
over - Poor judgement, Not enough funds, lay offs, bad reputation, etc.
under- accusations of improper use of funds
400
Members can have access to these documents upon request
What is Articles, by-laws, and amendments
400
What are the five main segments of Strategic Communication
What is
Strategy
Planning
Budgeting
Risk Assessment
Evaluations
400
BONUS!
What childrens t.v show did the music video originate from