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:

Median

A measure of central tendency that identifies the middle value in a dataset when the numbers are arranged in ascending or descending order.

Central Tendency

A measure that represents the center point or typical value of a dataset.

Average

A statistical measure that determines the central tendency of a set of numbers by dividing the sum of all numbers by the count of the numbers.

Outliers

Those scores in a distribution that are noticeably much more extreme than the majority of scores. Whether a score is an outlier or not is usually an arbitrary decision made by the researcher.