Which of the Following Describes the Main Goal of a Not-For-Profit

question 28

Multiple Choice

Which of the following describes the main goal of a not-for-profit firm?  

• A) to maximize revenue instead of profit 
• B) to minimize cost rather than maximize profit 
• C) to often pursue goals other than profit maximization 
• D) to pursue profit as their main goal

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor, such as labor or capital, in the production process.

Hearing Aid

A small electronic device worn in or behind the ear that amplifies sound for people with hearing impairments.

Worker

An individual engaged in a specific task or job, usually for payment, contributing to the production process in an economy.

Marginal Revenue Product

The extra income derived from the utilization of an additional input unit.