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Questions and Answers
What is the primary goal of a non-profit organization?
What is the primary goal of a non-profit organization?
- Providing a public benefit or serving a particular mission (correct)
- Minimizing expenses to maximize revenue
- Acquiring and retaining the highest number of customers
- Maximizing shareholder profits
How are non-profit organizations typically funded?
How are non-profit organizations typically funded?
- Generating income through product sales
- Receiving donations, grants, and fundraising revenue (correct)
- Issuing shares of stock to investors
- Borrowing from financial institutions
What distinguishes a non-profit organization from a for-profit business?
What distinguishes a non-profit organization from a for-profit business?
- For-profit businesses are exempt from paying taxes
- Non-profit organizations do not have any employees
- For-profit businesses are not subject to government regulations
- Non-profit organizations do not distribute profits to owners or shareholders (correct)
