Which of the Following Is an Example of a Not-For-Profit

question 67

Multiple Choice

Which of the following is an example of a not-for-profit organization that would use marketing principles?

• A) a fast-food restaurant
• B) a manufacturer of bicycles
• C) a software developer
• D) Six Flags Amusement Park
• E) the Bronx Zoo

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Definitions:

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company’s balance sheet.

Just-in-time

An inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.

Restrictive Policy

Measures taken by a government or financial institution to limit borrowing and spending in an attempt to curb inflation or stabilize the economy.

Neutral Policy

A stance or policy adopted by an organization or government that is neither supportive nor against a particular issue, aiming for a balanced approach.