A For-Profit Organization Refers to

question 239

Multiple Choice

A for-profit organization refers to

• A) a subsidiary, division, or unit of an organization that markets a set of related offerings to a clearly defined group of customers.
• B) a legal entity engaged in business activities solely with the intent of serving its employees without the intent of making a profit.
• C) a privately owned organization that serves its customers to make money so that it can survive.
• D) a group of people united through contractual or corporate ownership.
• E) a publicly owned organization that serves the general population.

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Definitions:

Mean

A measure of central tendency that is calculated by adding up all the values in a set and then dividing by the number of values.

Standard Deviation

An appraisal of the diversity or spread level exhibited by a collection of figures.

Normally Distributed

Refers to a probability distribution which is evenly shaped around the mean, indicating that occurrences of data close to the mean are more common than occurrences of data distant from the mean.

Mean

The average of a set of numbers, calculated by dividing the sum of these numbers by their quantity.