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</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</p> Signup and view all the answers