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Task 6. Out of two italicized words choose the one which fits in the context
- These three features/entities of nonprofit organizations are not without controversy/strife and strife/contention. In fact, each has been called into question/issue in recent years. First, the voluntary/noncoercive nature of the sector has been challenged by the growing tendency to mandate community service or noncoercive/volunteer work.
- Although the constraints/tethers imposed in each case follow a decision to participate and join, the power of some nonprofits over groups of individuals is considerable. In each and all such instances the voluntary/noncoercive character of these organizations is called into issue/question.
- Second, the nondistribution tether/constraint of nonprofit organizations has likewise been under assault from a number of different/divergent directions. In recent years, increased scrutiny of the high salary levels of many nonprofit executives has led some to ask whether the " profits/benefits "—or, more accurately, the increased program revenues—are not in fact being routinely distributed to staff in the form of generous compensation and profit/benefit packages. In the area of capitalization, large nonprofit organizations have been aggressive in raising funds through bond offerings, which do not offer investors/donors the ownership share/stake that stock/stake offerings do, but which have the effect of opening up major capital flows into the nonprofit sector. The accumulation of capital in the form of large endowments has also called into question the boundary between business and nonprofit organizations: Endowment funds, by their nature, are not used to fulfill an organization's immediate needs. Instead, they are invested in stocks/stakes, real estate, and other speculative donations/investments designed in the long run to maximize financial return. This is a strategic move that some have characterized as contrary to the public/societal goals/purposes of nonprofit organizations. Making the boundary between nonprofits and business firms even more opaque/ambiguous, at least one study has argued that the nondistribution constraint/tether does not significantly increase consumer confidence in the trustworthiness of nonprofits compared to business firms.
- Third, the ownerless character of nonprofit and voluntary/noncoercive organizations has come under fire as the legal claims of nonprofit shareholders/stakeholders have evolved. The courts have held that only members (in the case of a membership organization), trustees or directors, and the attorney general in the state where the nonprofit is located have legal standing to contest the action of a charitable/philanthropic corporation.
- They tackle problems/issues ranging from the most complex questions/issues of business policy to the most prosaic challenges of small-town life.
- The lack of unambiguity/clarity in the identity of nonprofit and noncoercive/voluntary organizations in relation to business and government becomes ever more evident as soon as one considers the range of names used to speak about these entities/features.
Task 7. Match the words from the left hand-side column to those in the right hand column. Some words from the right hand column can collocate with more than one word from the left hand column.
to make
to take
to have
| a stake
precedence
support
stakes
choices
capacity
efforts
the effect of
contribution
profits
a turn
distributions
interests
responsibility
claims
use of
ability
distinctions
a chance
a breakthrough
roots
matters
| Task 8. Continue the sequence of compounds and word-combinations with the key word printed in bold type. Consult a combinatory dictionary:
nonprofit sector, sector’s noncoercive nature, …
to distribute profits, profit driven …
ownership stake, to have a stake …
lines of accountability, accountability issue …
investment funds, to raise funds …
nondistribution constraint, constraints on power, …
good will, the will of the electorate …
charitable contributions, to make contributions …
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