Public Schools,charities and Government Agencies Are Not Classified as Businesses

question 195

Multiple Choice

Public schools,charities and government agencies are not classified as businesses because they:

• A)have not been incorporated.
• B)do not seek to earn a profit.
• C)provide services rather than goods.
• D)do not have any stockholders. Although schools,charities,and government agencies often provide goods and services,they do not seek a profit.Therefore,they are nonprofit organizations rather than businesses.

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Definitions:

Finance

The management, creation, and study of money, banking, credit, investments, assets, and liabilities.