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Questions and Answers
What is the main difference between a Not-for-Profit Organisation and a business entity?
What is the main difference between a Not-for-Profit Organisation and a business entity?
- Not-for-Profit Organisation aims to provide services, while a business operates for donations
- Not-for-Profit Organisation aims to gain ownership, while a business operates for profit
- Not-for-Profit Organisation aims to maximize profit, while a business operates for the benefit of society
- Not-for-Profit Organisation aims to benefit society, while a business operates for the benefit of owners (correct)
Which of the following is NOT an objective of a Not-for-Profit Organisation?
Which of the following is NOT an objective of a Not-for-Profit Organisation?
- Generating profits for shareholders (correct)
- Promoting educational initiatives
- Providing public health services
- Advancing cultural activities
How are funds typically sourced by a Not-for-Profit Organisation?
How are funds typically sourced by a Not-for-Profit Organisation?
- By issuing stocks
- From members, trustees, etc., through donations and membership fees (correct)
- Through sales revenue
- From government grants
Which of the following is NOT a common type of Not-for-Profit Organisation?
Which of the following is NOT a common type of Not-for-Profit Organisation?
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What are some common sources of funds for a Not-for-Profit Organisation?
What are some common sources of funds for a Not-for-Profit Organisation?
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Which term refers to the money received by a Not-for-Profit Organisation for its activities?
Which term refers to the money received by a Not-for-Profit Organisation for its activities?
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