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:

Workforce Entrants

Individuals who are newly entering the job market, either for the first time or after a significant break.

Procedural Justice

The fairness perceived in the processes and procedures used to make decisions and allocate resources.

Corporate Restructuring

The process of reorganizing a company's structure and operations, often to improve efficiency, competitiveness, or financial health.

Feelings of Inequity

Emotional responses that arise when an individual perceives an imbalance or unfairness in their work environment, especially in terms of rewards and contributions.