ACTUAL QUESTIONS AND CORRECT
ANSWERS
University - Correct answers✔✔An institution of higher education that confers undergraduate
and postgraduate degrees/
Institution - Correct answers✔✔A place of education, in our context referring to Higher
education.
Carnegie Classification System - Correct answers✔✔Classification system used to recognize and
describe institutional diversity in U.S. higher education.
Private Institution - Correct answers✔✔Institution that is not operated by the government.
Private institutions may receive funding from the government.
Public Institution - Correct answers✔✔Institutions of higher education operated by either the
state or federal government. Those funded by the federal government are referred to as "national
universities."
Not-for-profit institution - Correct answers✔✔An institution which directs surplus funding to the
furthering of its mission or purpose.
For-profit institution - Correct answers✔✔Sometimes referred to as proprietary institutions,
these institutions function as businesses rather than non-profit institution.
Research - Correct answers✔✔Offers full undergraduate programs, at least 20 doctoral degrees,
and has a commitment to research activity.