Which of the Following Statements Is Correct Regarding Not-For-Profit Organizations

question 30

Multiple Choice

Which of the following statements is correct regarding not-for-profit organizations?

• A)The sole common factor between not-for-profit organizations and for-profit firms is the financial bottom line.
• B)Not-for-profit organizations hope to generate as much revenue as possible to support their causes.
• C)Not-for-profit organizations are all found in the public sector.
• D)Historically, not-for-profit firms have had more exact goals and marketing objectives than for-profit firms.

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Definitions:

Artificially Scarce Good

Goods that are made scarce by artificial means rather than by natural scarcity or inherent limited supply.

Electronic Book

A book publication in digital form, readable on computers or other electronic devices, designed to emulate the experience of reading a printed book.

Common Resources

Resources like fish stocks, forests, and clean air, which are non-excludable but rivalrous, leading to potential overuse and depletion.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available for everyone and one person’s use does not reduce availability to others.