Which of the Following Is a False Statement Regarding a Nonprofit

question 92

Multiple Choice

Which of the following is a false statement regarding a nonprofit corporation?

• A)A nonprofit corporation may not earn profits.
• B)Nonprofit corporations do not have shareholders.
• C)An objective of a nonprofit corporation is to not earn profit.
• D)Nonprofit corporations do not issue stock.
• E)Churches and charitable organizations are examples of nonprofit corporations.

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