An Important Difference Between Not-For-Profit and For-Profit Organizations Is That,not-For-Profit

question 122

True/False

An important difference between not-for-profit and for-profit organizations is that,not-for-profit organizations cannot market tangible goods.

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Definitions:

Practical Wisdom

Practical wisdom, or phronesis, is an intellectual virtue that involves making prudent judgments and decisions based on ethical considerations and practical understanding of everyday life.

Excellent Character

Possessing outstanding moral or ethical qualities.

Golden Mean

A concept from Aristotelian ethics that represents the desirable middle between two extremes, one of excess and the other of deficiency.

Rightly

In a manner or to an extent that is justified, appropriate, or correct.