Which Statement Best Describes the Most Significant Difference Between a Business

question 287

Multiple Choice

Which statement best describes the most significant difference between 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, and 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.

---

Definitions:

Reception

The act or process of receiving or being received, often referring to the area in hospitals or offices where guests are greeted.

Reaction

A biological, chemical, or physical response to a specific stimulus.

Hearing

The sense through which sounds are perceived, involving the process of detecting and interpreting sound waves.

Visual Sensory Impairment

A reduction or loss of vision that cannot be corrected fully with glasses or contact lenses.