Determine Whether the Statement Is True or False

question 21

True/False

Determine whether the statement is true or false.

---

Definitions:

For Profit

relates to activities or organizations established with the primary goal of generating financial returns for owners or shareholders.

Non-profit

An organization that operates for purposes other than making a profit, often focused on furthering a social cause or shared goal.

De Jure

Pertaining to a state of affairs that is in accordance with law, officially recognized.

Foreign Corporation

A corporation that is registered to do business in a state or jurisdiction other than where it was originally incorporated.