In Which of the Following Activities Is a Not-For-Profit Entity

question 42

Multiple Choice

In which of the following activities is a not-for-profit entity least likely to engage?

• A) Providing educational services.
• B) Providing health-care services.
• C) Providing for terrorism defense.
• D) Retail sales of cookies

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, holding an ownership stake.

Residual Claim

The right of shareholders to claim assets remaining after all debts have been paid in the event of a company's liquidation.

Debts And Obligations

Amounts of money or services owed to others that represent claims against a company or individual's assets.

Liabilities

Financial obligations or debts that a company owes to others, which can include loans, accounts payable, mortgages, deferred revenues, and bonds payable.