A ________ Is a Nongovernmental Organization That Serves Its Customers

question 140

Multiple Choice

A ________ is a nongovernmental organization that serves its customers but does not have profit as an organizational goal.

• A) business firm
• B) subchapter S corporation
• C) service agency
• D) cooperative
• E) nonprofit organization

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two goods, given a fixed amount of resources and technology.

Deep Depression

An extended period of significant decline in the economy, characterized by high unemployment, sharp decreases in output and trade, and widespread poverty.

Capacity Utilization Rate

A measure of how well an economy or a firm is using its productive capacity to manufacture goods or services.

Unemployment Rate

A gauge of the share of individuals in the labor pool who are not employed but are actively seeking a job.