Which of the Following Statements Is True of a Nonprofit

question 7

Multiple Choice

Which of the following statements is true of a nonprofit organization?

• A)It makes profits.
• B)It does not pay expenses.
• C)It can earn excess revenue.
• D)It cannot operate like a business.

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Definitions:

Chief Executives

Top-ranking corporate officers who have the ultimate decision-making responsibility and oversee the entire operation of an organization.

Organizational Performance

The measure of how effectively and efficiently an organization meets its objectives and achieves its goals.

Status Quo

The existing state of affairs or current condition of a system, organization, or situation, often used as a reference point for measuring change or progress.

Globalization

Refers to the process of interaction and integration among people, companies, and governments worldwide, facilitating trade, investment, and cultural exchange.