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.

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Definitions:

Bargaining Table

A term used to describe the context or environment in which labor negotiations between employers and employees or their representatives occur.

Strikebreakers

Individuals who work or are employed in place of union workers who are on strike, typically used to continue operations during labor disputes.

Striking Employees

Workers who temporarily stop working as a form of protest, typically to express grievances or demand better conditions or pay.

Official Bargaining Agent

A union legally recognized to negotiate wages, hours, and working conditions on behalf of employees in a particular bargaining unit.