Which Is the Following Is for Profit Organization

question 14

Multiple Choice

Which is the following is For Profit Organization?

• A) Museums
• B) Religious Institutions
• C) Charitable Foundations
• D) Toyota

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Definitions:

Fixed Supply

A scenario where the quantity of a good or resource available does not change in response to changes in price.

Property Rights

The entitlement to control, benefit from, and transfer ownership of resources including land, tangible goods, and creations of intellect.

Open Ocean

The vast expanse of saltwater that covers most of the Earth's surface, not close to any land.

User Costs

The expenses incurred through the use of an asset, including depreciation, maintenance, and repair costs.