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:

Problem Solving

The cognitive process of finding a solution to a complex situation or challenge.

Memory

The ability to store, retain, and subsequently retrieve information when needed.

Automaticity

The ability to perform tasks without occupying the mind with the low-level details, typically resulting from learning, repetition, and practice.

Little Effort

A minimal amount of work or exertion required to achieve something.