Which Statement Best Describes the Most Significant Difference Between a For-Profit

question 287

Multiple Choice

Which statement best describes the most significant difference between a for-profit organization or business firm and a nonprofit organization?

• A) Business firms earn a profit each year while nonprofits operate at a deficit annually.
• B) Nonprofit organizations do not carry on economic activities while business firms do.
• C) Nonprofit organizations are concerned with social issues and business firms are not.
• D) Both serve customers, but business firms seek a profit while nonprofit organizations do not.
• E) Nonprofit organizations are publicly owned and business firms are privately owned.

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Definitions:

Remembering

The cognitive process of recalling information that has been previously learned or experienced.

Pleasurable Stimuli

External or internal inputs that produce feelings of enjoyment, satisfaction, or pleasure in an organism.

Limbic System

The Limbic System is a complex set of structures in the brain associated with emotions, memory, and arousal.

Emotional Experiences

The complex feelings and reactions individuals have in response to situations, which can be positive or negative and vary in intensity.