Question 7: A foundation refers to the following.

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(¤) Organizational form in which a debt is managed by a board for a specific purpose.

(¤) An organizational form in which assets are managed by members for a specific purpose.

(¤) An organizational form in which assets are managed by a board without a specific purpose.

(¤) An organizational form in which assets are owned by a board for a specific purpose.

(¤) An organizational form in which assets are managed by a board for a specific purpose.

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