Which of the Following Is a Similarity Between Businesses and Nonprofit

question 76

Multiple Choice

Which of the following is a similarity between businesses and nonprofit organizations?

• A)Both do not have to abide by government regulations.
• B)Both are unaffected by political or social change.
• C)Both of them engage in management and finance activities.
• D)Both of them do not need to adapt to technological changes.
• E)Both aim to maximize financial returns for their owners.

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Definitions:

Excise Tax

A tax charged on specific goods and services, such as tobacco, alcohol, and gasoline.

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of it that producers are willing and able to sell at various prices.

Consumer Surplus

The difference in the total amount consumers are capable of paying for a good or service versus what they really pay.

Producer Surplus

The divergence between what producers expect to get for a good or service and the actual compensation they receive.