Profit vs

• Profit making organizations and not for profit organizations have the same objective
• Profit making organizations focus on maximizing shareholder value while not for profit organizations focus on social responsibility
• Profit making organizations focus on providing service while not for profit organizations focus on earning profit
• Profit making organizations focus on earning profit while not for profit organizations focus on providing service (correct)

• By how well the services are rendered
• By how much service the organization provided
• By how much it contributes to the public wellbeing
• By the amount of profit the organization earns (correct)

• By the amount of profit the organization earns
• By how much service the organization provided and by how well these services are rendered (correct)
• By how well the employees are paid
• By how much it contributes to the public wellbeing

<p>To focus attention on company operation and financial not just to limit spending (A)</p> Signup and view all the answers

<p>A formal written summary of management plan for a specific future time period expressed in financial terms (B)</p> Signup and view all the answers