Non-Profit Organizations Overview
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Questions and Answers

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?

  • 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?

  • 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)
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