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:

Emile Durkheim

A founding figure in sociology, who focused on the ways societies could maintain their integrity and coherence in modernity, renown for his theory on social facts.

Emile Durkheim

A French sociologist, one of the founding figures of sociology, known for his studies on social structure and integration.

Social Conflict Theory

A sociological perspective that frames social behavior as a competition for resources, focusing on the power dynamics and inequality within society.

Belief Systems

A set of principles or tenets which together form the basis of a religion, ideology, or personal philosophy.