A For-Profit Organization Refers to

question 34

Multiple Choice

A for-profit organization refers to

• A)a subsidiary,division,or unit of an organization that markets a set of related offerings to a clearly defined group of customers.
• B)a legal entity engaged in business activities solely with the intent of serving its employees without the intent of making a profit.
• C)a privately owned organization that serves its customers to earn a profit so that it can survive.
• D)a group of people united through contractual or corporate ownership.
• E)a publicly owned organization that serves the general population.

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Definitions:

Consumption

The process or activity of using goods and services to satisfy wants or needs.

Cream

The fatty part of milk, gathered at the top, used in cooking or as a spread.

Strawberries

A sweet, soft, red fruit with a seed-studded surface, commonly consumed fresh, in preserves, or as part of various dishes and desserts.

Interest Rate

The percentage of an amount of money which is charged for its use per some period of time, often annually.