Which of the Following Statements BEST Describes the Distinction Between

question 103

Multiple Choice

Which of the following statements BEST describes the distinction between a not-for-profit corporation and a for-profit corporation?

• A)Not-for-profits do not pay their employees.
• B)Not-for-profits cannot be organized for any person's private gain.
• C)Not-for-profits have to dissolve when the owner leaves or dies.
• D)Not-for-profits cannot hire executive officers to run the business.