Tutors for Students (TFS) Is an Organization with the Purpose

question 49

Multiple Choice

Tutors for Students (TFS) is an organization with the purpose of offering free tutoring to older students. TFS does NOT expect to earn any money through its operations. Therefore, TFS is an example of a ________ organization.

• A) nonprofit
• B) mutual-benefit
• C) commonweal
• D) servant
• E) for-profit

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Definitions:

Changes

Variations or modifications that occur in any system, context, or entity over time.

Unit Elastic

A situation where the quantity demanded or supplied changes by an exact proportional amount to the price change.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price, with high elasticity indicating significant response and low elasticity indicating little to no response.

Oranges

A citrus fruit commonly consumed worldwide, both fresh and in juice form, and used as a commodity in agricultural markets.