Which Statement Best Describes the Most Significant Difference Between a For-Profit

question 36

Multiple Choice

Which statement best describes the most significant difference between a for-profit organization or a business firm and a nonprofit organization?

• A)Business firms operate with larger budgets than nonprofits.
• B)Nonprofit organizations do not carry on economic activities while business firms do.
• C)Nonprofit organizations are concerned with social issues and business firms are not.
• D)Both serve customers, but business firms seek a profit while nonprofit organizations do not.
• E)Nonprofit organizations are publicly owned and business firms are privately owned.

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Definitions:

Surgical Procedure

A medical operation undertaken to repair, remove, or replace a part of the body, often involving incisions.

Psychosurgery

A branch of neurosurgery that involves severing or otherwise disabling areas of the brain to treat a personality disorder, behavior disorder, or other mental illnesses.

Biomedical Intervention

Medical strategies, treatments, or therapies used to treat specific medical conditions.

Drug Therapy

The treatment of disease or disorder through the administration of pharmaceutical drugs, as opposed to surgery, physical therapy, or other methods.