All of the Following Organizations May Be Not-For-Profit Except

question 9

Multiple Choice

All of the following organizations may be not-for-profit except:

• A) Colleges and universities.
• B) Hospitals.
• C) Privately held partnerships.
• D) Human service organizations.

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Definitions:

Break-Even

The point at which total costs and total revenue are equal, meaning there is no net loss or gain, and the business or investment is self-sustaining.

Maximize Profits

A strategy or goal where a firm or individual seeks to achieve the highest possible profit from its operations.

Peak Efficiency

The state of operation in which a system or process achieves its maximum output with the lowest input, often ideal in terms of productivity.

Perfectly Competitive Firm

A company that operates in a market where there are many sellers and buyers, the product is homogeneous, and there is free entry and exit from the market.