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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