The Most Obvious Distinction Between Not-For-Profit Organizations and For-Profit Firms

question 81

True/False

The most obvious distinction between not-for-profit organizations and for-profit firms is the focus on generating revenues above and beyond the costs.

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Definitions:

Reasonable Notice

The sufficient and fair amount of time one party must give another to prepare for or respond to an action, often legally defined in various contexts.

Termination

The act of ending or concluding an agreement, contract, or employment relationship.

Dismiss

To terminate or end something formally, such as employment or legal actions.

Employer

An individual or organization that hires people to work for them in exchange for wages or salary.